SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jaiprakash Power Ventures inks agreement for sale of HBPCL for Rs 9,700 crore

17 Nov 2014 Evaluate

Jaiprakash Power Ventures (JPVL) has signed a definitive agreement with JSW Energy for sale of the securities in Himachal Baspa Power Company (HBPCL). The board of directors of the company had approved the transfer of businesses in relation to two of the company’s operating power plants namely, 300 MW Baspa-II Hydro-Electric Plant (commissioned in 2003) and 1091 MW Karcham Wangtoo Hydro-Electric Plant (commissioned in 2011) (both located in Himachal Pradesh) on a going concern basis to Himachal Baspa Power Company, a subsidiary pursuant to the scheme of arrangement to be sanctioned under Companies Act, 1956 and subject to all approvals, as may be required.

On the effectiveness of the scheme of arrangement, HBPCL will own 300 MW Baspa Stage II and 1,091 MW Karcham Wangtoo Hydro Power Plants in the state of Himachal Pradesh prior to the said sale. The value of consideration to be received from JSW Energy is linked to a base enterprise value of approximately Rs 9,700 crore for the two power projects subject to mutually agreed adjustments.

SBI Capital Markets acted as advisors to the transaction for JPVL, Bansi S Mehta & Company as tax advisors, Vaish Associates as company’s legal advisors and Sobhagya Capital Options as Independent Merchant Bankers.

JP Power Ventures Share Price

19.05 -0.68 (-3.45%)
04-May-2026 15:32 View Price Chart
Peers
Company Name CMP
NTPC 401.00
Tata Power 441.50
Adani Power 228.00
Power Grid Corp 320.00
Torrent Power 1715.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×