Jaiprakash Power Ventures JPVL

Jaiprakash Power Ventures Ltd on Saturday reported a three-fold rise in its consolidated profit after tax (PAT) to Rs 182.66 crore for the July-September quarter of 2024-25 on account of lower expenses. It had posted a PAT of Rs 68.66 crore in the July-September period of 2023-24, the company said in an exchange filing. Total income decreased to Rs 1,305.19 crore in the second quarter from Rs 1,359.23 crore a year ago. The company reduced its expenses to Rs 1,070.76 crore from Rs 1,172.02 crore in the same quarter a year ago.

GE Power India in an exchange filing on Thursday said it bagged contracts worth Rs 775 crore from Jaiprakash Power Ventures.

Jaiprakash Power Ventures Ltd (JPVL) on Friday said it has posted a consolidated loss of Rs 2.27 crore in the quarter ended March, dragged by higher expenses.

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

Jaiprakash Power had earlier converted Rs 3,058 crore of its debts into equity upon invocation of strategic debt restructuring

The lenders to JPVL had sought bids to sell a stake in the firm to recover some of their dues