About JP Associates
Incorporated in 1995, the Jaypee Group had a market capitalisation of Rs. 34,000 Crores with 4 Lacs+ shareholder & 56,000 depositors. Started as an Engineering company and has later on diversified its business into various segments.
Currently the JP Group has its presence in following sectors:
- Engineering & Construction
- Cement Manufacturing
- Hydro, Thermal & Wind Power Generation
- Expressway & Real Estate
The Group’s principal activity is to provide integrated engineering construction services. The JP Group operates through seven segments: Cement/Cement Products, Construction, Wind Power, Real Estate, Expressway, Investment and Hotel/Hospitality. Construction segment includes Civil Engineering construction/EPC Contracts/Expressway, Cement/Cement Products segments manufactures and sells cement, clinker and cement products, Hotel/Hospitality includes hotels, golf course, resorts and SPA, Real Estate segment includes real estate development and Power segment generates and sells power [Hydro, Wind and Thermal Power]. The Group also owns four Five Star Deluxe Hotels in Northern India. During the year the Group acquired 74% equity shares in JPSKSPL.The company recently decided to merge Jaypee Hotels, Jaypee Cement, Gujarat Anjan Cement and Jaiprakash Enterprises with itself. For this, the company will be issued treasury shares amounting to 14.5% of the equity capital of the combined entity.
About JP Associates Fixed Deposit
The main features of the JP Associates FD are as given below.