English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksJP Power spikes 15% on sale buzz of 2 power projects

    JP Power spikes 15% on sale buzz of 2 power projects

    According to the report, the country's largest private sector hydro-power producer is in advance negotiations with ADWEA and its underlying operating companies to sell the 300 mega watts (MW) Baspa II and the 1000 MW Karcham Wangtoo project on the Sutlej river.

    September 10, 2013 / 17:26 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Investors lapped up JP Power stocks lifting the stock 15 percent higher intraday on Tuesday on a media report that the company is in advanced talks with Abu Dhabi Water & Electricity Authority (ADWEA) to sell two of its power projects in Himachal Pradesh.


      Jaypee has a gross debt of Rs 64,000 crore in FY13, as per a Credit Suisse estimate and this move may help in reducing debt, which the company is reeling under.


      The stock closed at Rs 16.13, up Rs 1.72, or 11.94 percent on the BSE.


      According to the report, the country's largest private sector hydro-power producer is in advance negotiations with ADWEA and its underlying operating companies to sell the 300 mega watts (MW) Baspa II and the 1000 MW Karcham Wangtoo project on the Sutlej river.

      first published: Sep 10, 2013 05:24 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347