Jaiprakash Power Ventures calls off talks with ADAG for sale of Hydro power assets

25 Sep 2014 Evaluate

Jaiprakash Power Ventures has been in discussions with Anil Dhirubhai Ambani Group (ADAG) for disinvestment of its Hydro power assets for the last two months. The company has called off the discussion with ADAG due to difference of commercial aspects.

The company has a generation base of 1700 MW Hydro power (1000 MW Karcham Wangtoo, 300 MW Baspa II, and 400 MW Vishnu Prayag) and 1160 MW thermal power, including 500 MW Bina thermal project and 660 MW Nigrie thermal power project.

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.

JP Power Ventures Share Price

18.95 -0.91 (-4.58%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 333.30
Tata Power 401.25
Power Grid Corp 315.75
Adani Power 498.45
Torrent Power 1476.80
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.