Aug 21, 2013, 12.06 PM | Source: CNBC-TV18
CNBC-TV18 learns from sources that the two power projects include its 300 MW Baspa and 1200 MW Karcham Wangtoo plants.
The total cost for JP Power plants higher than Rs 10,000 crore. Sources say the power generator has approached players like CESC for the stake sale. However, they add, that CESC is reluctant to buy stake in JP Power’s projects.
CESC is unlikely to buy any stake and the company is currently in talks with foreign players for divestment of stake.
At 13:10 hrs Jaiprakash Power Ventures was quoting at Rs 13.75, up Rs 0.51, or 3.85 percent.
Jaypee Group, which owns JP Power, has a debt of nearly Rs 54,000 crore on its books, whish is one of the highest among Indian companies. The high debt is a result of rapid expansion in real estate, infrastructure, cement and power sectors over the past few years. JP Power has a consolidated debt of more than Rs 20,000 crore.
While, JP Power said it does not comment on market speculation, CESC did respond to CNBC-TV18's query.
Jaiprakash Pow stock price
On May 05, 2016, at 14:20 hrs Jaiprakash Power Ventures was quoting at Rs 4.49, down Rs 0.02, or 0.44 percent. The 52-week high of the share was Rs 9.60 and the 52-week low was Rs 4.25.
The latest book value of the company is Rs 21.71 per share. At current value, the price-to-book value of the company was 0.21.
An Environment Ministry panel has deferred a decis
HeidelbergCement India has reported a sales turnov
Medi-Caps has reported a sales turnover of Rs 6.77
When you unplug you mind for a minute, you restore
Reliance Infra posted its third quarter results. N
Himalaya's Ravi Prasad talks about the contrarian
The continuous uptrend in Indian market is reflect
Lovaii Navlakhi, from International Money Matters