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:
Air India, Akasa Join IndiGo in Raising Fares as ATF Costs Surge 25%
Tata Power Partners with Norway’s Ocean Sun to Pilot Membrane‑Based Floating Solar in India
New Relic Rolls Out Infrastructure 360 for Faster, Smarter AI Operations
Inox Green Completes ₹5.5 Billion Acquisition of Wind World’s 4.5 GW O&M Business
Air India, Singapore Airlines Deepen Partnership to Expand Travel Options, Loyalty Benefits
Alok Tiwari Takes Additional Charge as DFCCIL MD, Pushes Tech‑Driven Freight Corridor Agenda
India Launches Integrated Transport & Logistics Authority to Cut Costs and Boost Connectivity
India’s Infrastructure Future Hinges on Making Projects Investable and Tech‑Driven: Deloitte Survey
FLY91 Expands Regional Network with Ceremonial Touchdown at Navi Mumbai International Airport
Brahmaputra Set to Reclaim Global Role as Dibrugarh Sends First Cargo to Bangladesh
IndiGo Raises Fares as ATF Costs Surge
India Becomes Veolia Foundation’s Regional Emergency Response Hub for Asia-Pacific
Airtel Business Unveils IQ Gateway to Secure Enterprise Messaging at Scale
POWERGRID Veteran Akhilesh Pathak Takes Charge as Director Projects
India Rolls Out $28 Billion GOBARdhan Biogas Plan to Cut Imports, Boost Rural Economy
India’s Civil Aviation Demand is Outpacing Supply: Kinjarapu Ram Mohan Naidu
INDIA’S INFRA STORY IS SHIFTING TRACKS
India’s Green Hydrogen Mission Chief Urges Industry to Back Emerging Ecosystem
Global Trust as Essential as Scale in Green Hydrogen: Pralhad Joshi
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.