Jaiprakash Power Ventures Ltd
Jaiprakash Power Ventures Ltd (JPPOWER)

Jaiprakash Power Ventures Ltd (JPPOWER)

₹7.855.43%

Key Stats

₹7.7
Day's Price Range
₹8.5
₹3.35
52-Week Price Range
₹11.15
1 Month Return27.69 %
3 Month Return33.87 %
1 Year Return80.43 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 21
80.99
EPS
Rank 24
₹0.1
BVPS
Rank 30
₹9.44
Dividend Yield
Rank 11
ROE
Rank 29
1.31%
Price To Book Ratio
Rank 8
0.85
Debt To Asset
Rank 28
0.45

Company Information

Jaiprakash HydroPower Limited JHPL a part of the Jaypee Group owns and operates the 300 MW BaspaII Hydroelectric Project at District Kinnaur in Himachal Pradesh. The erstwhile Jaiprakash Industries Limited JIL the promoter company since merged with Jaypee Cement Limited JCL and now known as Jaiprakash Associates Limited JAL signed the Memorandum of Understanding MOU with Government of Himachal Pradesh GoHP for Baspa StageII project in November of the year 1991 and was granted approval to develop 300 MW Baspa StageII Hydroelectric project in private sector on Build Own and Operate basis by the Government of Himachal Pradesh in October of the year 1992. Hence the Company was incorporated in 21st December of the year 1994 with the object to set up hydroelectric or Thermal power projects and for the supply of general electric power. The Certificate of Commencement of Business was granted in 9th January of the year 1995.Financial Institutions approved the Project at an estimated project cost of Rs.11 020 million in March of the year 1995 and signed PPA as one of the predisbursement conditions. Executed the tripartite agreement between JHPL JAL and GoHP in the same year 1995 consenting the transfer of all assets liabilities obligations privileges and benefits arising out of MOU from JAL to JHPL. During June of the year 1997 the company signed PPA with HPSEB pursuant to Implementation Agreement with GoHP. In the same year the financial institutions reappraised the project with a revised cost of Rs.12 630 million. In January of the year 2008 JHPL made an amendment in the PPA to include provisions for escrow mechanism and letter of credit for realisation of payment from HPSEB. Accomplished the agreement with Siemens AG Consortium Germany and Alstom T D France in the year 1999 for import of electromechanical equipment and GIS/GIB respectively. Again the financial institutions reappraised project cost at Rs.13 450 million in the year 2000 and Rs. 16120 million in the year 2002. The BaspaII project Indias Largest Private Sector HydroPower project has been fully commissioned in 8th June of the year 2003 at a project cost of Rs 1624.72 crores and has started generating power. Jaiprakash hydropower filed prospectus with ROC all decks cleared for IPO in power sector in third week of March 2005. During the year 20052006 the company entered into a memorandum of Understanding with the Power Grid Corporation of India Ltd to promote a Joint Venture Company for establishing a Transmission System for evacuating power from 1000 KW Karcham Wangtoo HydroElectric Project. To minimize the erosion due to silt with large quartz content during monsoons two more modern technology spare runners with Tungsten Carbide coating employing HVOF thermal spray have been procured/ ordered. One such runner was put in operation in May of the year 2006. JHPL filed the tariff application in 30th November of the year 2007 with Honble HPERC for determination of tariff for Financial Year 200809 to 201011 which is in process.
OrganisationJaiprakash Power Ventures Ltd
HeadquartersSingrauli
IndustryPower Generation & Distribution