Jayiprakash Power Ventures Ltd, a company associated with the power sector, is currently in the headlines in the stock market. On Thursday, the company’s shares suddenly rose and the stock was imposed an upper circuit of 5%. After this, its price stopped by going to Rs 18.95. The stock closed at Rs 18.05 on Tuesday.
300 crore solar power project
The real reason for the fast is the big announcement of the company. Jaypee Group said that it will put a 50 MW solar power project in place of its 500 MW thermal plant in Bina, Madhya Pradesh. This project will cost around ₹ 300 crore. However, the company has made it clear that in order to implement this scheme, many types of sanctions and consent of loan banks will be necessary.
The company’s current business and income
According to the annual report (June 2025), the company currently has three power plants, consisting of 2,220 MW of electricity. Despite this, the total income of the company declined to ₹ 1,630 crore in the June quarter, compared to ₹ 1,779 crore in the same quarter last year.
Shareholding pattern: banks and LIC trust
This stock has a strong hold of big investors. According to data up to June 2025, banks have 15.47% stake in the company. In this
- ICICI Bank – 9.97%
- Canara Bank – 2.44%
- UCO Bank – 1.08%
The share of Apart from this, LIC, the country’s largest insurance company, has also shown confidence in it. LIC holds a total of 1.36% shares of the company.
Quarterly Results: Decline in profit
In the first quarter of financial year 2026, the company’s net profit declined to ₹ 278.13 crore, compared to ₹ 348.54 crore in the same period last year. That is, a decline of about 20% has been recorded. This loss was mainly due to low revenue.
