Jaiprakash Power Ventures is currently trading at Rs. 13.41, up by 0.17 points or 1.28% from its previous closing of Rs. 13.24 on the BSE.
The scrip opened at Rs. 13.00 and has touched a high and low of Rs. 14.53 and Rs. 12.70 respectively. So far 3486269 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. 8.55 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs. 14.53 and Rs. 10.54 respectively. The current market cap of the company is Rs. 4133.77 crore.
The promoters holding in the company stood at 64.96 % while Institutions and Non-Institutions held 15.90 % and 19.14 % respectively.
Jaiprakash Power Ventures (JP Power) is reportedly looking to sell stake in two hydro power projects. These two power projects include 300 MW baspa and 1200 MW Karcham Wangtoo. The total cost for JP Power plant is higher than Rs 10,000 crore.
In this regard, JP Power likely to have approached players like CESC JK power projects. CESC is reluctant to buy stake in these projects. JP Power’s consolidated debt is more than Rs 20,000 crore.
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.
| Company Name | CMP |
|---|---|
| NTPC | 394.70 |
| Tata Power | 443.00 |
| Adani Power | 229.10 |
| Power Grid Corp | 315.75 |
| Torrent Power | 1733.45 |
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