Jaypee Group is an Indian conglomerate Company is situated in Noida, Uttar Pradesh, India. It was founded by Jaiprakash Gaur which is a divesified Infrastructure conglomerate with business interest in Engineering and Construction, Power, Cement, Real Estate, Hospitality, Expressway, IT, support and education ( non for Profit). In November 2017, The Supreme Court of India barred the directors frim selling their asset.
Jaiprakash Gaur is the founder and was chairman of Jaiprakash associates Limited. After acquiring a diploma in civil engineering in 1950 from the Indian Institute of Technology Roorkee in Roorkee, Uttrakhand he ahd stint with the Government of Uttar Pradesh. Later he become an entrepreneur, started as a civil contrtarcter in 1958. Now the Jaypee Group is the third largest cement peoducer in the country. The groups cement facilities are located today all over India in 10 States, with 18 plants having an aggregate cement production capacity of 24 million tonnes and same is poised to become 36 millions Tonnes before October 2011.
In 2002, he established Jaypee Karchan Hydro Corporation Ltd. established to operate 1,000 megawatts karcham wangtoo HE Project, Jaypee University of Information Technology at Waknaghat, Himachal Pradesh is founded. In 2003, Jaypee Hotel Training centre (JHTC) is set up to Agra to train students in Hotel Managment. In 2007, the instititute changed its program from a diploma course to a degree course and increased the length of study from two to three years. In 2003, he also established Jaypee Institute of engineering Technology set up at Raghogarh Guna. Later this institute was declared first private state university of Madhya Pradesh as Jaypee University of Engineering and Technology. Also first captive thermal Power Plant of 25 MW commissioned at JPR. Formation of Jaiprakash Associates Ltd by merging JIL with Jaypee cement Ltd.
In 2009, Amalgamation of four Group companies namely, Jaypee Cement Limited, Gujarat Anjan cement limited of Gujrat based infrastructure conglomerate Anjan Group, Jaypee Hotels Limited and Jayprakash Enterprises Limited with flagship company JAL. He also acquired Sangam Power Generation Company Ltd. signing of MOU for setting up a 2 million tonnes per annum capacity cement plant in Joint Venture with Assam Mineral Development Corporation Limited ( AMDC). Group is setting up a Jaypee Hitech Casting Centre. Amalgamation of Jaiprakash Power Ventures Ltd. with Jaiprakash Hydro power LTD.
Written by - Ankit Kunwar
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