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Jaiprakash Power Ventures rises as its Vishnuprayag Plant resumes power generation

15 Apr 2014 Evaluate

Jaiprakash Power Ventures is currently trading at Rs. 17.45, up by 0.25 points or 1.45% from its previous closing of Rs. 17.20 on the BSE.

The scrip opened at Rs. 17.80 and has touched a high and low of Rs. 17.80 and Rs. 16.85 respectively. So far 895788 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.50 on 20-May-2013 and a 52 week low of Rs. 8.55 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 17.80 and Rs. 15.15 respectively. The current market cap of the company is Rs. 5126.82 crore.

The promoters holding in the company stood at 64.96% while Institutions and Non-Institutions held 14.46% and 20.58% respectively.

Jaiprakash Power Ventures’ 400 MW Vishnuprayag Hydro Power Plant has resumed power generation with effect from April 12, 2014. The said plant was shut down due to unprecedented floods of very high intensity in the Alaknanda river on June 16, 2013.

Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Currently the company operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission.

Peers
Company Name CMP
NTPC 325.00
Tata Power 364.15
Adani Power 200.00
Power Grid Corpn. 266.30
Adani Energy Solut. 1341.80
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