Jaiprakash Power Ventures Ltd


BSE: 532627 | NSE: JPPOWER | ISIN: INE351F01018 
Market Cap: [Rs.Cr.] 7,330 | Face Value: [Rs.] 10
Industry: Power Generation And Supply

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Board Meet

27-Apr-13 
Jaiprakash Power Ventures Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2013, inter alia, to consider Audited Financial Results of the Company for the Quarter and Year ended March 31, 2013. 
12-Jan-13 
Jaiprakash Power Ventures Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 12, 2013, inter alia, to consider Un-audited Financial Results of the Company for the Quarter ended December 31, 2012. Jaiprakash Power Ventures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 12, 2013, inter alia, has authorised, subject to approval of the Shareholders by passing the Resolution by way of Postal Ballot, raising of funds / resources upto Rs. 3500 crores through various Domestic/International options, including QIP/ ECB with rights of conversion into shares / FCCBs/ ADRs/ GDRs/ FPO/ Optionally or Compulsorily Convertible Redeemable Preference Shares etc., pursuant to Section 81 of the Companies Act, 1958 for the Company's ongoing projects and/or the projects of its joint venture and subsidiary companies. (As Per BSE Announcement Dated On 14.01.2013) 
23-Oct-12 
Jaiprakash Power Ventures Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 23, 2012, inter alia, to consider Un-audited Financial Results of the Company for the Quarter ended September 30, 2012 (Q2). 
21-Jul-12 
Jaiprakash Power Ventures Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 21, 2012, inter alia, to consider Un-audited Financial Results of the Company for the Quarter ended June 30, 2012 (Q1). 
17-May-12 
Audited Results Jaiprakash Power Ventures Ltd has submitted to BSE a copy of Statement of Appropriations in respect of Audited Financial Results of the Company for the year ended March 31, 2012, as approved by the Board of Directors of the Company in their meeting held on May 17, 2012. (AsPer BSE Announcement Website Dated on 18/05/2012) 

AGM

29-Sep-12
AGM : 29.09.2012 Jaiprakash Power Ventures Ltd has informed BSE that the 17th Annual General Meeting (AGM) of the Company will be held on September 29, 2012. Jaiprakash Power Ventures Ltd has informed BSE regarding the details of Voting results at the 17th Annual General Meeting of the Company held on September 29, 2012, under Clause 35A. (As Per BSE Announcement Dated on 01.10.2012) 
30-Sep-11
Jaiprakash Power Ventures Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 24, 2011 to September 30, 2011 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 30, 2011. Jaiprakash Power Ventures Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 30, 2011 inter alia, have passed the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2011, the Profit & Loss Account for the year ended on that date and the Reports of Directors' and Auditors' thereon. 2. Re-appointment of the retiring Directors, Shri Sunil Kumar Sharma, Dr. R.C. Vaish, Shri B.K. Taparia, Dr. R. L. Gupta and Shri R. K. Narang, as Directors of the Company liable to retire by rotation. 3. Re-appointment of M/s. R. Nagpal Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting. 4. Appointment of Shri Praveen Kumar Singh, Shri Dharam Paul Goyal and Lt. Gen. (Retd.) Shri Ravindra Mohan Chadha as Directors of the Company and also as Whole-time Directors of the Company. 5. Approval for increase in remuneration of Shri Suren Jain, Managing Director & CFO, Shri R. K. Narang and Shri Suresh Chandra, Whole-time Directors of the Company. 6. Approval of Appointment / Confirmation of Shri G. P. Gaur as Whole-time Director till his resignation w.e.f. June 30, 2011. He however continues as Non- Executive Director. 7. Approval of creation of Security for securing Foreign Currency Loan (ECB) equivalent to Japanese Yen (JPY) 15.30 billion from ICICI Bank Ltd., Singapore Branch, in replacement of the existing sanctioned unavailed Rupee facility of upto Rs. 848.90 crores from ICICI Bank Ltd. (As Per BSE Announcement Website dated on 01.10.2011) 
24-Sep-10
Jaiprakash Power Ventures Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 18, 2010 to September 24, 2010 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 24, 2010. Jaiprakash Power Ventures Ltd has informed BSE that the 15th Annual General Meeting (AGM) of the Company was held on September 24, 2010, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2010, the Profit & Loss Account for the year ended on that date and the Reports of Directors' and Auditors' thereon. 2. Re-appointments of Shri.G P Gaur, Shri. Suresh Chandra, Dr. E R C Shekar, Shri. B B Tandon and Shri. Manoj Gaur. 3. Re-appointment of M/s. R Nagpal Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting. 4. Appointment of Shri. A K Goswami, Shri. R N Bhardwaj, Shri. S C Bhargava and Shri. Suren Jain as Directors of the Company, liable to retire by rotation. 5. (i) Creation of Security in favour of Lenders / Security Trustee in respect of Financial Assistance / Rupee Term Loans sanctioned by the various Financial Institutions / Banks, as mentioned in the Notice. (ii) Creation of Security in favour of IDBI Trusteeship Services Ltd. (ITSL) (acting as trustees for NCDs) to secure 14049 Zero Coupon Secured Redeemable Non-Convertible Debentures (NCDs) of Rs. 10,00,000/- each, privately placed with ICICI Bank Ltd. (As Per BSE Announcement Dated on 27.09.2010) 
18-Aug-09
Jaiprakash Hydro Power Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 12, 2009 to August 18, 2009 (both days inclusive) for the purpose of 14th Annual General Meeting (AGM) of the Company to be held on August 18, 2009. Jaiprakash Hydro Power Ltd has informed BSE that the members at the 14tj Annual General Meeting (AGM) of the Company held on August 18, 2009, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2009, Profit and Loss Account for the year ended on that date and the reports of Directors and Auditors thereon. 2. Confirmation of interim dividend @ 7.5% paid in November 2008 and declaration of final dividend @ 7.5% for the Financial Year 2008-09. 3. Re-appointments of Shri Sunil Kumar Sharma, Dr. R C Vaish, Shri B K Taparia, Dr. R L Gupta and Shri R K Narang as Directors, retiring by rotation. 4. Re-appointment of M/s. R Nagpal Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company. 5. Appointment of Shri S S Gupta, as Director of the Company, liable to retire by rotation. 6. Increase in Authorised Share Capital of the Company from Rs 500 crores to Rs 3000 crores. 7. Increase in the Borrowing Limits of the Company from Rs 1500 crores to Rs 15000 crores. 8. Appointment of Shri R. K. Narang as Whole-time Director & CFO of the Company for a period of five years w.e.f. June 28, 2009. Passed as Special Resolution(s) 9. Raising of funds upto an aggregate amount of Rs 1500 crore (Rupees Fifteen Hundred Crores) in Indian Rupees or equivalent in any Foreign Currency, through FPO and / or QIP and / or FCCBs and / or ADRs and / or GDRs. 10. Change of name of the company as 'JAIPRAKASH POWER VENTURES LTD', after the Scheme of Amalgamation is approved by Members of both the Companies and sanctioned by the Hon'ble High Court of Judicature at Shimla. (As Per BSE Announcement Website dated on 19.08.2009) 
06-Aug-08
Jaiprakash Hydro Power Ltd has informed BSE that the 13th Annual General Meeting (AGM) of members of the Company will be held on August 06, 2008. Jaiprakash Hydro Power Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on August 06, 2008, inter alia, have unanimously passed the following resolutions: 1. Adoption of the Audited Balance Sheet as at March 31, 2008, Profit and Loss Account for the year ended on that date and the reports of Directors and Auditors thereon. 2. Confirmation of interim dividend @ 7.5% paid in September, 2007 and declaration of final dividend @ 7.5% for the Financial Year 2007-08. 3. Re-appointments of Shri. Gopi K Arora, Shri. Manoj Gaur, Shri. Narendra Singh, Shri. S D Nailwal and Shri. S K Jain, as Directors retiring by rotation. 4. Re-appointment of M/s. R Nagpal Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company. 5. Appointments of Shri. Jaiprakash Gaur and Shri. B B Tandon, as Directors of the Company, liable to retire by rotation. 6. Appointment of Shri. Suresh Chandra as Whole-time Director of the Company for a period of five years w.e.f. January 11, 2008. 7. Creation of Security in favour of IFCI Ltd and IDBI Bank Ltd. in respect of Rupee Term Loans sanctioned by the said Institutions. (As per BSE Announcement dated on 22/08/2008) 

EGM

30-Apr-11
Jaiprakash Power Ventures Ltd has informed BSE that pursuant by an order made on March 14, 2011, the Court has directed that a meeting of the Equity Sharesholders & Creditors of the Company will be held on April 30, 2011.,for the purpose of considering, and if thought fit, approving, with or without modification(s), the proposed Scheme of Amalgamation of Jaypee Karcham Hydro Corporation Ltd and Bina Power Supply Power Ltd. Jaiprakash Power Ventures Ltd has informed BSE that the Shareholders and the Creditors of the Company (Transferee Company) and Creditors of Jaypee Karcham Hydra Corporation Limited (JKHCL) & Bina Power Supply Company Limited (BPSCL) (Transferor Companies) have in their respective meetings convened on April 30, 2011, in terms of the Order dated March 14, 2011 passed by the Hon'ble High Court of Himachal Pradesh at Shimla, unanimously approved the proposed Scheme of Amalgamation of JKHCL and BPSCL with the Company, without any modification. The Chairmen of the said meetings of Shareholders and the Creditors, as appointed by the Hon'ble High Court of Himachal Pradesh at Shimla, on May 02, 2011, have filed their respective reports directly with the Hon'ble High Court of Himachal Pradesh at Shimla. (As Per BSE Announcement Website dated on 03.05.2011) 
10-Oct-09
Jaiprakash Hydro Power Ltd has informed BSE that, by an order made on August 24, 2009, the Court has directed that a meeting of the Equity Shareholders & Creditors of Jaiprakash Hydro-Power Ltd, will be held on October 10, 2009, for the purpose of considering, and if thought fit, approving, with or without modification, the proposed Scheme of Amalgamation of the Jaiprakash Hydro Power Ltd (Transferor Company) with the Jaiprakash Power Ventures Ltd (Transferee Company). Jaiprakash Hydro Power Ltd has informed BSE that the Shareholders and the Creditors of Jaiprakash Hydra-Power Ltd. (JHPL) and Jaiprakash Power Ventures Ltd. (JPVL) have in its their respective meetings convened on October 10, 2009, in terms of the Order dated August 24, 2009 passed by the Hon'ble High Court of Himachal Pradesh at Shimla, have unanimously approved the proposed Scheme of Amalgamation of JPVL with JHPL, without any modification. The Chairmen of the said meetings of Shareholders and the Creditors, as appointed by the Hon'ble High Court of Himachal Pradesh at Shimla, on October 12, 2009, have filed their respective reports directly with Hon'ble High Court of Himachal Pradesh at Shimla. (As Per BSE Announcement Website dated on 12.10.2009) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
NTPC 123,888.04 10.93 1.54 10.00 13.1 11.6 0.66
Power Grid Corpn 50,464.06 12.11 2.15 11.08 14.5 8.8 2.10
NHPC Ltd 24,109.45 9.38 0.92 7.53 10.9 8.7 0.63
Tata Power Co. 21,690.13 23.02 1.81 11.11 10.1 10.8 0.64
Reliance Power 20,673.81 193.95 1.23 87.08 0.9 1.2 0.05
Adani Power 13,653.61 0.00 2.94 29.05 -6.4 3.4 3.59
Neyveli Lignite 11,022.55 7.78 0.92 5.79 12.2 13.6 0.34
Reliance Infra. 9,888.42 6.14 0.51 7.18 11.4 10.1 0.37
JSW Energy 9,774.70 8.66 1.44 12.56 5.5 7.8 0.89
SJVN 8,418.02 8.24 1.08 4.28 14.2 14.0 0.23
JP Power Ven. 7,330.31 22.28 1.14 15.28 8.0 7.0 2.43
Torrent Power 6,245.79 8.37 1.09 5.15 23.5 23.9 0.55
CESC 4,103.03 6.53 0.85 4.25 12.1 10.3 0.67
Lanco Infratech 2,451.14 0.00 0.68 11.90 3.3 4.6 1.14
Indiabulls Power 2,206.68 0.00 0.41 89.53 0.5 0.4 0.36

Futures & Options Quote

 
Expiry Date
25.05 0.05  [0.2]%
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 25.45
Average Price: 25.09
No. of Contracts Traded: 2,008,000
Open Interest: 13,952,000
Underlying: JPPOWER
Market Lot: 8000
Previous Close: 25.05
Day’s High | Low: 25.45 | 24.85
Turnover (Cr.): 5.04
Open Int. Change: 96,000.00 (0.7% )
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Key Information

Key Executives:

Manoj Gaur , Chairman  

Sunil Kumar Sharma , Vice Chairman & CEO  

Suren Jain , Managing Director & CFO  

B K Taparia , Director  


Company Head Office / Quarters:
JUIT Complex Waknaghat,
P O Dumehar Bani Solan Distric,
Kandaghat,
Himachal Pradesh-173215
Phone : 91-177-2670601/2671554/2671557
Fax : 91-177-2670883
E-mail : jpvl.investor@jalindia.co.in
Web : http://www.jppowerventures.com
Registrars:
Alankit Assignments Ltd
2E/21 Alankit House
Anarkali Market
Jhandewalan Extn
New Delhi - 110055

Fund Holding


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