Jaiprakash Power Ventures Limited has informed the Exchange regarding 'General Update'.
JPPOWER · price
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The Board of Directors of Jaiprakash Power Ventures Limited, at its meeting held on 27th August 2025, has considered a proposal to set up a Solar PV Power Plant of approximately 50 MW capacity at its existing 500 MW Jaypee Bina Thermal Power Plant (JBTTP) site in Bina, Madhya Pradesh. The estimated investment for the project is around Rs. 300 crores. The proposal is subject to necessary approvals, including from lenders. This move signals the company's intent to expand its renewable energy footprint alongside its existing thermal power operations.
The Rs. 300 crore solar project, if approved, would diversify the company's energy mix into renewables and could be value-accretive in the long term. However, the investment is still at a proposal stage and contingent on lender and other approvals, so near-term impact on the stock is likely limited.