SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jaiprakash Power Ventures to sell cement unit for Rs 500 crore

07 Oct 2016 Evaluate

Jaiprakash Power Ventures (JPVL) has decided to sell its Nigrie Cement Grinding unit to Orient Cement for an Enterprise Value of Rs 500 crore.  The Enterprise Value is on a cash-free, debt-free basis and is subject to adjustments on account of working capital, if any. The 2 mtpa Nigire cement grinding unit which began operations in 2015 is wholly owned by JPVL. This grinding unit is located very close to the end markets in Bihar, Jharkhand and Eastern UP.

Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission. The company has reported a net loss of Rs 196.16 crore for the quarter as compared to a net profit of Rs 66.96 crore for the same quarter in the previous year.

JP Power Ventures Share Price

19.06 -0.67 (-3.40%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 400.00
Tata Power 441.35
Adani Power 227.50
Power Grid Corp 319.25
Torrent Power 1722.35
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:

×