Jaiprakash Power Ventures gets nod for Rs 1,000 crore investment in PPGCL

Jaiprakash Power Ventures Ltd. | Power Generation/Distribution | Power | BSE: 532627 | NSE: JPPOWER

29 Sep 2015 Evaluate

Jaiprakash Power Ventures has received its shareholders’ approval for Rs 1,000 crore investment in its subsidiary PPGCL for setting up a 1,980 Mw thermal power plant.

The company has also received shareholders’ nod to sell entire stake held in Himachal Baspa Power Company (HBPCL) for about Rs 9,700 crore as per an agreement on November 15, 2014 with JSW Energy.

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	325.80
Tata Power	364.00
Adani Power	200.00
Power Grid Corpn.	267.20
Adani Energy Solut.	1344.25
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