Jaypee Group has evinced interest in buying the closed-down fertiliser plant
owned by Duncans Industries at Panki in Kanpur, Uttar Pradesh.
The Union Government has given approval to operate the plant on naphta.
Duncans is reportedly willing to hand over the plant for an estimated Rs 200
crore. According to sources, Jaypee Associates plans to raise the required
capital by earning credit on its share capital in its infrastructure arm, Jaypee
Infratech, to float a new entity named Jaypee Industries and Fertiliser.