26 Firms Eye JP Associates

09 Apr 2025 CW Team

A total of 26 companies, including major players like Adani Group, Vedanta, and Patanjali Ayurved, have submitted expressions of interest (EoIs) to acquire Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC).

The National Company Law Tribunal (NCLT) had admitted JAL into insolvency in March 2024 after multiple loan defaults and pending liabilities. The company, which operates across cement, real estate, and infrastructure sectors, owes over Rs 290 billion to its creditors.

According to the invitation for resolution plans, the last date for submission is April 17. Other notable bidders include NBCC, Haldiram Snacks, JK Lakshmi Cement, and Shree Cement. The wide interest underscores the value in JAL’s diversified asset base, especially in real estate projects and cement capacity.

The final list of eligible resolution applicants will be announced soon, followed by detailed due diligence. The outcome will be crucial in determining the future of one of India’s once-prominent infrastructure firms and will test the efficacy of India’s insolvency resolution framework in handling large, complex cases.

Infrastructure Urban

07 Oct 2025

Greta Minerals Doubles WA Exploration Land, Targets Lithium Supply for India

Greta Minerals Pte, part of Singapore-based Greta Group, has expanded its exploration footprint in Western Australia to 1,550 sq km, up from 700 sq km acquired in 2024.Nitesh Chaudhari, Chairman of Greta Group, said, “We are very happy to expand our landholding, encouraged by initial results from Ultrafine+ soil sampling at Gecko North. The geological corridor appears promising for lithium, gold, and other critical minerals.”The Gecko North Project, 25 km northwest of Coolgardie, is one of seven critical mineral and gold projects under Greta Minerals (Australia) Pty, which now holds 37 gra..

Vedanta Extends Demerger Deadline to March 2026 Amid Pending Approvals

Vedanta, led by Anil Agarwal, has extended the deadline for its corporate demerger to March 31, 2026, as approvals from the National Company Law Tribunal (NCLT) and relevant government authorities are still pending, the company said in a regulatory filing. The deadline had earlier been extended from March 31, 2025, to September 30, 2025.The board stated, “Given that the conditions precedent in the Scheme, including NCLT approval and approvals from certain government authorities, are still in process, the timeline for fulfilment of these conditions has been extended to March 31, 2026.” The ..

MOIL Achieves Record September Production and Strong Q2 Performance

MOIL posted its best-ever September production of 1.52 lakh tonnes, up 3.8 per cent from the same period last year, reflecting robust operational performance. Exploratory core drilling also surged to 5,314 metre, a 46 per cent increase, highlighting the company’s focus on expanding its resource base.For Q2 FY26 (July–September 2025), MOIL achieved record quarterly production of 4.42 lakh tonnes, up 10.3 per cent year-on-year, and sales of 3.53 lakh tonne, growing 18.6 per cent over the same quarter last year. Exploratory drilling for the quarter reached 21,035 metre, marking a 4.1 per cent..