JPT Securities put plan of setting up thermal power plant on back burner

JPT Securities has decided to put on hold all its plans relating to setting up of thermal power plant at Pipavav and will re-evaluate the same at an appropriate time. The board at its meeting held on May 30, 2012 has approved for the same.

The company has taken this step in view of weakness prevailing in overall economic environment and the specific challenges being faced by the power sector.

JPT Securities is engaged in the business of dealing in shares and securities, providing financial services such as bill discounting, investment in shares, etc. Apart from this it also provides corporate advisory and electricity generation through windmills.