Jaiprakash Power share price: Small-cap stock below ₹20, Jaiprakash Power Ventures (JP Power), will likely hog the limelight when the Indian stock market resumes trading after a one-day hiatus on Thursday, August 28.
The traction in the JP Group stock could come after the company’s board considered the proposal to explore the options for setting up of solar PV power plant.
The Indian stock market remained closed today, August 27, on the occasion of Ganesh Chaturthi.
JP Power Business Update
The small-cap stock below ₹20 announced in an exchange filing today that the company’s board has considered the proposal to explore the options for setting up of Solar PV Power Plant of approximately. 50 MW capacity at the company’s existing Thermal Power Project site situated at Bina, Madhya Pradesh, i.e. 500 MW Jaypee Bina Thermal Power Plant (JBTTP).
The setting up of a power plant would need an estimated investment of ₹300 crore.
JP Power also added that the proposal is subject to such approvals as may be required, including those of lenders.
JP Power Q1 Results
Meanwhile, at the end of the last month, Jaiprakash Power Ventures reported an over 20% dip in consolidated net profit to ₹278.13 crore for the June 2025 quarter compared to the year-ago period, led by lower revenue.
The company had posted a consolidated net profit of ₹348.54 crore in the quarter ended June 30, 2024, a BSE filing said.
Total income decreased to ₹1,630.88 crore in the quarter from ₹1,779.06 crore in the same period a year ago.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
