Jaiprakash Power Ventures is currently trading at Rs. 18.05, down by 2.35 points or 11.52% from its previous closing of Rs. 20.40 on the BSE.
The scrip opened at Rs. 20.00 and has touched a high and low of Rs. 20.20 and Rs. 17.30 respectively. So far 611094 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.90 on 11-Dec-2012 and a 52 week low of Rs. 20.00 on 12-Jun-2013.
Last one week high and low of the scrip stood at Rs. 22.90 and Rs. 17.30 respectively. The current market cap of the company is Rs. 5303.10 crore.
The promoters holding in the company stood at 64.96% while Institutions and Non-Institutions held 16.59% and 18.45% respectively.
Jaiprakash Power Ventures' barrage operations and power generation have got shut down with effect from June 16, 2013. The company has taken this step as during the onset of monsoon, Uttarakhand including Chamoli district where the company’s 400 MW Vishnuprayag Hydro-power plant is situated, has witnessed very heavy rain causing unprecedented flood of very high intensity with excessive silt, boulders and other materials in the Alakananda river, resulting in disturbances to river protection works.
While the company is taking effective steps to restore generation, assessment of damages due to the said flood conditions shall be made on restoration of commutation and connectivity to Barrage site. The unprecedented floods in river Alaknanda has resulted in Force Majeure event for 400 MW Vishnuprayag Project, commercial aspects of which shall be addressed in accordance with power purchase agreement between Uttar Pradesh Power Corporation (UPPCL) and the company. The 400 MW Vishnuprayag project is covered under Industrial All Risk Insurance Policy.
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.
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