Jaiprakash Associates (BOM:532532)

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Prashanth Sagar

Business Profile

Jaiprakash Associates (Bombay Stock Exchange:532532), earlier known as Jaiprakash Industries (JIL) merged with Jaypee Cement (JCL) and got its current name.

JAIPRA is an acknowledged leader in the construction of river valley and hydro power projects on turnkey basis and has been in business for more than three decades. It is the flagship company of the Jaypee group, which is a well diversified infrastructural industrial group of India with a turnover of over Rs 30,000 million (USD 650 million) that commenced its operations in 1972 as a partnership firm, then known as Jaiprakash Associates. Three decades later, the group has diversified itself into many sectors.

The company has executed simultaneously 13 hydro power projects spread over six states and the neighboring country of Bhutan for the generation of 10,290 MW of power. It has set up a 300 MW power station in Baspa, Himachal Pradesh, which is already in operation producing more than 1,200 million units of clean & green energy annually. It has also set up the 400 MW Vishnuprayag power project in Uttaranchal. The cement division of the company produces ordinary Portland cement and Pozzolana Portland cement under the brand names Buland and Buniyad.

It has three modern cement plants; namely Jaypee Rewa Cement Plant, Jaypee Bela with an aggregate capacity of 7 MTPA. Some of the other subsidiaries are Jaiprakash Hydro-power, Jaiprakash Ventures and Jaiprakash Hotels.