JP Associates will bring down the debt by 6000 cr

JP Associates will bring down the debt by 6000 cr

JP Associates will be raising 4000 Cr by selling its Gujarat Cement plant. Besides this, the company has plans to sell 11.7 million square feet of land portions across Noida, owned by its subsidiary Jaypee Infratech, to further reduce its debts. At a recent analysts meet, the company declared that it aims to reduce the debt by 6,000 crore by the end of the fiscal.
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