Jaypee Group to sell some power, cement assets: reports

Jaypee Group is planning to sell some of its power and cement assets to pare debt, according to reports.Report said that the company may sell equity in two of its hydro power projects and is in talks with some players.

Jaypee Group spokesperson declined to comment on the news.The company may sell equity in  300 MW Baspa II and the 1,000 MW Karcham Wangtoo project in Himachal Pradesh.