Manoj Gaur, chairman of Jaiprakash Associates today said that the CCI order was surprising and he did not expect such hefty penalties to be levied.
It is unfortunate that certain inferences have been drawn on presumptions, chairman Manoj Gaur says.
Manoj Gaur, executive chairman of Jaiprakash Associates spoke to CNBC-TV18 about the business environment and the way ahead for the company.
The buzz around JP Associates vying for a strategic partner for its cement business continues. Cement valuations ruled at their peak in 2006-2007 when the market and the sector were at all time highs. So how will cement valuations pan out from hereon?
GP Goenka, chairman of Duncan Ind said that they will hive off the fertilizer company as soon as they get a nod from the BIFR. “Duncans would thereafter remain as tea company with no debts” he added.
The infrastructure space has been suffering a lot over the last month or so. Manoj Gaur, executive chairman of Jaiprakash 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.
Manoj Gaur, executive chairman of Jaiprakash Associates is surprised at the recent underperformance of this company in the secondary markets.