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Jaiprakash Power Ventures to divest Nigrie Cement Grinding Unit

10 Oct 2022 Evaluate

Jaiprakash Power Ventures has received an approval to divest Company's Nigrie Cement Grinding Unit as well as other non- core assets. The Board of Directors in their meeting held on October 10, 2022, have decided the same.

Earlier, the company had been emerged as the highest bidder for a coal block in Madhya Pradesh.

Jaiprakash Power Ventures plans, develops, implements and operates power projects in India. It currently operate the largest hydroelectric power plant in the private sector in India.

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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