Power Grid Corporation of India’s board has approved a proposal to acquire 74 percent stake of the joint venture partner in Jaypee Powergrid (JPL). JPL is a joint venture between Power Grid and Jaiprakash Power Ventures.
Post acquisition of the 74 percent stake, JPL would become a wholly-owned subsidiary of Power Grid. The acquisition would be completed within the current fiscal year. The proposal for the acquisition was approved by the board of Power Grid in a meeting on February 11, 2021.
Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India.
| Company Name | CMP |
|---|---|
| NTPC | 394.70 |
| Tata Power | 443.00 |
| Adani Power | 229.10 |
| Power Grid Corp | 315.75 |
| Torrent Power | 1733.45 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: