JP Associates Became One Big Umberalla

JP Associates, the company has posted a performance which raises an eye brow on all counts. At a time when realty is down, JP Associates manages to show a major jump in all precisely these lines of activities.
The company has explained that the numbers in construction were up mainly on account of the Yamuna Express Highway.

The company is developing a 1000 MW plant in Himachal Pradesh, known as the Karcham Wantoo project. Here the civil works are at peak and this project is expected to commission at least six months ahead of schedule, by Nov 2010. Work on the 160 kms Yamuna Expressway has taken off and the big tunnel project in Andhra Pradesh is going as per schedule and Baglihar project in Jammu & Kashmir is nearing completion.

The company is acquiring four companies and merging into it - Jaypee Hotels, Jaypee Cement, Gujarat Anjan Cement and Jaiprakash Enterprises. This merger is being viewed as the best way for JP Associates to raise huge capex requirements of over Rs.12,000 crore to expeditiously implement the various projects. At later stage, the power business is to be all amalgamated under one identity. It will have all the cement business, entire hotel business, entire E&C business under JP Associates and consider amalgamation of JP Hydro or Jaiprakash Power Venture into one power company. thanks