Jaiprakash Power Ventures Ltd
NSE: JPPOWER BSE: 532627
₹13.72
+0.30 (2.24%)
Thu, 05 Nov 2026, 07:35 pm
Market Cap (in Cr)9279.58
PE Ratio25.02
Dividend0
Utilities
Electric Utilities
24.5KJaiprakash Power Ventures Ltd Company History
1991
- GOI announced the policy for opening up of the power sector for private sector participation.
- Execution of MOD between JAL and GoHP for setting up the Baspa Stage II 300 MW hydropower project.
1992
- The Agreement for Implementation was executed between JAL and GoHP.
- A detailed project report was submitted by JAL to GoHP.
1994
- The Company was incorporated.
- Techno-economic clearance was granted by CEA for the Project.
- Approval by Ministry of Environment and Forest, GOI for the Project.
1995
- The Certificate of Commencement of Business was granted.
- A tripartite agreement was executed between JHPL, JAL, and GoHP for the transfer of assets.
1997
- Signing of PPA with HPSEB.
- Reappraisal of the project by Financial Institutions with a revised cost of Rs 12,630 million.
1998
- Amendment made in the PPA to include provisions for escrow mechanism and letter of credit.
- The Electricity Regulatory Commissions Act was promulgated.
1999
- Submission of financial package of Rs 13,650 million by JHPL to HPSEB and CEA.
- Execution of agreement with Siemens AG Consortium and Alstom T and D for import of electromechanical equipment.
2000
- Reappraisal of project cost by FIs at Rs 13,450 million.
- Flash floods occurred in river Sutlej disrupting communication and transportation links to the project site.
2001
- Submission of revised financial package of Rs 16,201.50 million by JHPL to HPSEB and CEA.
2002
- Reappraisal of the Project consequent to the flash floods at a cost of Rs 16,120 million.
- GoHP/HPSEB granted in-principle approval for project cost at Rs 15,500 million.
2003
- Commencement of commercial production of the Power Plant.
- A Supplementary Agreement to PPA was executed between JHPL and HPSEB.
- HPERC declared the Supplementary Agreement to PPA void.
- Lenders agreed in-principle for restructuring the debt.
2005
- The public offer for buying stake in Jaiprakash Hydro Power Ltd was oversubscribed.
- Jaiprakash Hydro-Power stock began trading on the Mumbai stock exchange.
2006
- Jaiprakash Hydro entered into an MoU with Power Grid Corporation of India.
2007
- Shri Rajiv Ranjan Bhardwaj was appointed as additional Director.
- The Registered Office was shifted to JUIT Complex, Waknaghat.
2008
- Shri Suresh Chandra was appointed as Whole-time Director.
- Shri S S Gupta was appointed as Non-Executive Independent Director.
2009
- The Board recommended a final dividend of Re 0.75 per share.
- The company name was changed to Jaiprakash Power Ventures Ltd.
2010
- The company name was changed to Jaiprakash Power Ventures Limited and the trading symbol was changed to JPPOWER.
- The 400 MW Vishnuprayag Hydropower Project was awarded 1st Prize in the category Energy and Power by the Essar Steel Infrastructure Excellence Awards.
2011
- Equity Shareholders and Creditors approved the Scheme of Amalgamation.
2012
- The 300 MW Baspa-II Hydropower project was awarded the Gold Shield for 2009-10 and Silver Shield for 2010-11 by the Ministry of Power.
2013
- Jaiprakash Power commenced operations at JBTPP.
2014
- Jaiprakash Power Ven received national awards for meritorious performance in the Power Sector.
- JPVL signed an MoU with JSW to sell 3 power plants.
2015
- Shareholders approved Rs 1,000 crore investment in Prayagraj Power Generation Company Ltd for setting up a 1,980 MW thermal power plant.
2016
- Jaiprakash Power Ventures decided to sell its Nigrie Cement Grinding unit to Orient Cement for an Enterprise Value of Rs 500 crore.
- Jaiprakash Power Ventures commenced commercial operations at the 660 MW unit-1 of the Bara Super Critical Thermal Power Project.
2021
- The board approved disinvestment of 74% stake in Jaypee Powergrid to Power Grid Corporation of India.
