Jaypee Infratech's net loss increased to Rs 601 crore in Q3 FY23

14 Feb 2023 CW Team

Debt-ridden Jaypee Infratech, disclosed that its consolidated net loss for the third quarter of this fiscal year had increased to Rs 6.01 billion. It had a net loss of Rs 5.4 billion at the same time last year.

In the December quarter of this fiscal year, total revenue increased to Rs 3.12 billion from Rs 2.94 billion earlier.

The overall net loss for the months of April through December of this fiscal year was Rs 18.25 billion as opposed to Rs 16.83 billion during the same time last year.

In the first three quarters of this fiscal year, total income increased to Rs 9.46 billion from Rs 7.70 billion in the same period last year. The Yamuna Expressway Project, which connects Greater Noida and Agra, as well as the company's healthcare operations, both provide income for it.

Since August 2017, Jaypee Infratech has been subject to the Corporate Insolvency Resolution Process (CIRP).

The Mumbai-based Suraksha group's plan to acquire Jaypee Infratech and finish some 20,000 homes for resentful homebuyers was subject to a reserved decision by the National Company Law Tribunal (NCLT) in November of last year.

In June 2021, Suraksha Group gained consent from financial creditors and homebuyers to acquire Jaypee Infratech. This gave homebuyers renewed hope that they would soon be able to take ownership of their dream apartments in abandoned projects, mostly in Noida and Greater Noida.

Suraksha group won the bid in the fourth round of the competition to find a buyer for Jaypee Infratech with 98.66% of the vote, 0.12% more votes than NBCC.

Also read:
BFL Group sets a new high for innovative workspaces
Mohali development body to auction 77 properties

Real Estate

01 Sep 2025

Pidilite PPS Sets New Standards in Hospitality Construction

In the fast-paced world of hospitality, where every surface tells a story and every detail impacts the guest experience, Pidilite Professional Solutions (PPS) is emerging as a trusted partner for performance-driven construction. Built on Pidilite’s legacy of customer-centric innovation, PPS offers tailored solutions that go far beyond materials—delivering expertise, accountability, and assurance from design to execution.PPS is a natural extension of how Pidilite has always worked—through deep insight into customer needs and by designing fit-for-purpose solutions. Pidilite’s brands..

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..