September 07, 2008

Jaiprakash Associates denies eying Bina Power

With reference to the news item appearing in a leading financial daily titled "Jaypee group eyes Bina Power", Jaiprakash Associates Limited has clarified to BSE that "In an expanding organization like ours, exploring new business opportunities is a continuous process. As a sequel to this effort, we keep examining various proposals including the one referred.”

The release added that the stock exchanges will be informed if and as soon as the proposal gets crystallized.