*SAVINGS OF 4200CR*
JP ASSOCIATES LTD

JP ASSOCIATE will save massive 4200 Cr annually after concluding Ultratech deal and transfer of 1000 acre land to lenders.

*Now JP Associate debt stands at 6000 Cr @9.50% interest*

1). For FY 17, total interest outgo was 3667cr. Now on reduced debt, interest outgo should be 700cr or so. Thus, *co will save nearly 3000cr in Finance Cost*

2). Depreciation should come down to 500cr from 913 Cr, *saving of 400cr*

3) Employees Cost was 640cr in FY17 which will stand reduced to around 350cr, *saving of 300cr*

4) Other Expenses which stood at 1468 Cr can come down to less than 1000cr, *saving of 500cr*

WITH QUARTERLY SAVINGS OF 1000+CR, JP ASSOCIATES BOUND TO REPORT PROFIT FROM Q2. It will lead to rerating of Stock

_JPA has received big orders in EPC segment_

*TP Rs 60-80*

Investors know about Big Bull holding stake in JP. Investors don't know about BIG position of Big Bull in FnO, due to which scrip in ban