Jaiprakash Power Ventures Limited
Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity
What Jaiprakash files
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- Insider Trade1
Jaiprakash Power Ventures' board approved the financial results for the quarter and half-year. Q1 revenue was ₹1,320.42 Cr, with profit after tax at ₹213.92 Cr. Additionally, the company plans to raise up to ₹2,000 Cr through Qualified Institutions Placement or other methods.
Jaiprakash Power Ventures' Independent Director Smt. Binata Sengupta stepped down after completing her tenure. The company appointed Smt. Shruti Anup Shah and Shri Jayant Misra as new Independent Directors, strengthening its board.
Promoter Jaiprakash Associates (JAL) is transferring its 24% stake in Jaiprakash Power Ventures (JPVL) to Adani Power (APL) for Rs. 2,993.59 Cr. This shifts 24% voting rights in JPVL to APL as part of JAL's resolution plan. JPVL is not a party to this agreement.
Jaiprakash Power Ventures (JPVL) paid a total fine of Rs. 4,48,400 to NSE and BSE for non-compliance regarding committee composition. The company clarified that this event has no impact on its financial or operational activities.
Jaiprakash Power Ventures (JPVL) Non-Executive Director & Chairman, Manoj Gaur, surrendered to authorities after his interim bail expired in an ED investigation linked to other Jaypee Group entities. This marks a notable corporate governance development.