The infrastructure space has been suffering a lot over the last month or so. Manoj Gaur, executive chairman of Jaiprakash Associates (JP Associates) told CNBC-TV18 that JP group has performed very well despite the difficulty faced by infrastructure space.
Gaur expects the company to bring down their debt to Rs 15,000-16,000 crore by the end of FY12. He said, "We have been working on our debt reduction scheme very sincerely." Here is a verbatim transcript of the interview. Also watch the accompanying videos. Q: How is the liquidity position of the group in terms of the project that you need to invest in given your balance sheet situation? How much equity infusion would you require over the next 10-15 months?
A: JP Group consists of three listed companies JAL, Jaiprakash Power Venture and Jaypee Infratech. In this not so comfortable calendar year 2011, JP Group has commissioned Karcham Wangtoo hydropower project. The entire equity requirement for this hydropower project has been met. In fact, the Karcham Wangtoo project has been commissioned before time.
As far as Jaiprakash Power Ventures
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
