Jaypee Group is planning to selling a majority stake in two of its hydro-electric power plants in north India for about $1 billion, according to reports. The group had expanded aggressively into power production and construction during the boom in the Indian economy post 2006. However, the global financial downturn in 2008 and a slowdown in economy has hurt its expansion plans.
FlashNews:
Indian Railways Posts 9% Freight Growth in July 2026
PM Modi Dedicates POWERGRID Transmission Projects for Clean Energy in Andhra Pradesh
AM/NS India Highlights Long‑Life Solar Infrastructure with Magnelis for 300 GW Ambition
RECPDCL Hands Over Ryapte Transmission SPV to Tata Power
India’s Rooftop Solar Push Accelerates as PM Surya Ghar Nears 5 Million Homes
PM Modi Looks East to Future After Bhogapuram Airport Unveiling
India Approves ₹50.7 Billion Scheme for Floating Solar Projects with Energy Storage
Air India, SkyDrive, and Suzuki Join Forces to Explore eVTOL Medical Logistics in India
REC, PFC Seal ₹268.5 Billion Loan Deal for 2,400 MW Meja Thermal Project
Tata Power Renewables Breaks Ground on 800 MW Hybrid Project in Andhra Pradesh
RECPDCL Transfers Two Key Power Transmission SPVs to Power Grid and Terralight Solar
Inox Wind Wins ₹16 Billion Repeat Order from NLC India for 200 MW Project
GAIL and RCF Ink Pact to Build 1.27 MMTPA Gas‑Based Fertiliser Plant in Maharashtra
Texmaco, Touax, TrinityRail JV to Invest ₹18 Billion in 100 Rakes to Boost Railcar Leasing
India’s Aviation Minister Pushes Cost‑Effective SAF Rollout From 2027
Vedanta Uses 4 Billion Units of Clean Energy in FY2026, Cuts Emissions
Suzlon Starts FY2027 Strong with Record Q1 Deliveries, 23% Revenue Growth
India to Develop 44 Airports Under Hub‑and‑Spoke Plan, Civil Aviation Secretary Says
India’s Satellite Communications Push Gains Momentum Through Public‑Private Partnerships: Viasat
Home » Jaypee Group to sell power assets
Jaypee Group to sell power assets
Power & New and Renewable Energy
February 1, 2014February 1, 2014
Leave a Reply
You must be logged in to post a comment.