Indian benchmark indices opened lower on Thursday, reacting to the implementation of additional US tariffs on Indian imports. The Nifty 50 was down 0.51 per cent at 24,583.75 points, while the Sensex lost 0.59 per cent to trade at 80,315.2 as of 9:17 am IST.
Jaiprakash Power Venture Limited (JP Power) opened the session on a firm note at ₹18.94 per share, as against its last closing price of ₹18.06. The share price extended gains to hit a high of ₹18.96, also its 5% upper circuit.
Here's why the power stock is rallied, despite the sell-off in the Indian markets on August 28, 2025.
Jaiprakash Power Ventures Limited (JPVL) in its exchange filings on August 27 announced that its Board of Directors has considered a proposal to explore the establishment of an approximately 50 MW Solar PV Power Plant. In particular, the 500 MW Jaypee Bina Thermal Power Plant (JBTTP), situated in Bina, Madhya Pradesh, is the site of the company's current Thermal Power Project.
An estimated ₹300 crores will be invested in the projected solar power plant project. The program is subject to receiving all required clearances, including those from its lenders, the business stated.
The Company continued to be engaged in the business of thermal and hydro power generation, coal mining and cement grinding. The company presently owns and operates three Power plants with an aggregate capacity of 2220 MW, 2 MTPA Cement Grinding Unit and 3.92 MTPA Captive Coal Mine as per details given below:-
Jaiprakash Power Ventures share price surged 5% to hit the upper price band of ₹18.96 in intraday trade on Thursday, August 28, following the announcement that its plans to set up a solar power project in Madhya Pradesh at an estimated investment of ₹300 crore.