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Keep calm and sell assets

Following the slowdown, a host of Indian companies are selling assets to find a way out of a debt quagmire

Talk about biting off more than you can chew. In April 2009, at the peak of the global economic crisis, Manoj Gaur announced that the Jaypee Group would invest a ₹10,000 crore over the next year across its power, infrastructure and cement businesses. The plan was to execute as many as five thermal power projects of 660 MW each, apart from two greenfield projects in the power sector.