Jaiprakash Power

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,616 crore, including principal and interest amount. In a regulatory filing late on Monday, Jaiprakash Associates Ltd (JAL) has informed that the company on April 30, defaulted on repayments of a principal amount of Rs 1,751 crore and interest of Rs 2,865 crore. "Total borrowing (including interest) of the company is Rs 29,805 crore, repayable by 2037, against which only Rs 4,616 crore is overdue as on April 30, 2024," JAL said. The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCBs (foreign currency convertible bonds). Out of the total borrowing of Rs 29,805 crore, the company said Rs 18,955 crore will be transferred to the proposed Special Purpose Vehicle (SPV). For this, a Scheme of Arrangement duly approved by all the stakeholders, is pending for sanction of the National Company Law ...

Jaiprakash Power Ventures Ltd's consolidated net profit witnessed a nearly nine per cent year-on-year decline to Rs 68.66 crore in the quarter ended September 30, 2023. The consolidated net profit of the company was Rs 75.42 crore in the quarter ended September 30, 2022, the company said in a regulatory filing. Total income also declined to Rs 1,359.23 crore in the quarter, from 1,501.33 crore in the same period a year ago.

Deal will give buyer entry into high-growth markets of UP and MP, may turn the firm into a net debt company from almost debt free now

The company's operational expenses and cost of material fell to Rs 315.66 crore in the June quarter from Rs 685.61 crore

The company in a disclosure to the exchanges said it had submitted a debt resolution/ restructuring plan to its lenders. The plan was approved in April 2019

JPVL has aggregate power generation capacity of 2,220 MW comprising of Hydro (400 MW) and Thermal (1,820 MW).

Resurgent and Brookfield eye firm

Adani, Tata, JSW Energy among those to show interest

Lenders of Jaiprakash Power Ventures have invoked strategic debt restructuring (SDR) on Monday to acquire a significant stake in the company and convert part of its ballooning debt into equity.

The board will meet on 18 July to consider the proposal to hive-off and transfer Jaypee Bina thermal power plant

The stock hit a high of Rs 6.07 and a low of Rs 5.65 so far during the day