MoneyWorks4Me

Jaiprakash Power Ventures to raise Rs 3,500 crore via various routes

14 Mar 2012 Evaluate

Jaiprakash Power Ventures has received its board approval to raise funds to the tune of Rs 3,500 crore through various domestic / international options, including QIP / ECB with conversion into shares/ FCCBs/ ADRs/ GDRs/ FPO/ optionally or compulsorily convertible redeemable preference shares etc, for the company's ongoing projects and/or the projects of its joint venture and subsidiary companies.

The company reported a surge of 161.40% in its net profit of Rs 59.52 crore for the quarter ended December 31, 2011 as compared to Rs 22.77 crore for the same quarter in the previous year. Total income increased by 130.52% from Rs 181.20 crore for Q3FY11 to Rs 417.70 crore in the quarter under review.

Peers
Company Name CMP
NTPC 314.00
Tata Power 352.45
Adani Power 195.50
Power Grid Corpn. 249.75
Adani Energy Solut. 1363.50
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