It is often seen in the stock market that whenever a veteran businessman lays hands on a small company, the fortunes of its shares change overnight. A recent step by industrialist Gautam Adani has done something similar. One of his big deals has directly affected a power share priced at just Rs 17 and it has started running like a rocket. We are talking about Jaiprakash Power Ventures Limited (JP Power). A decision of Adani Group has breathed new life into this stock, due to which it has given an excellent return of 27 percent to its investors in the last one month alone.
Adani’s ‘masterstroke’ with deal worth Rs 14,500 crore
Actually, there is a huge acquisition behind this surge. This year in March 2026, the National Company Law Tribunal (NCLT) gave a major decision in favor of Adani Enterprises. Adani Group has purchased the bankrupt company Jaiprakash Associates Limited (JAL) by making a successful bid of Rs 14,535 crore.
Now the question arises that why are the shares of JP Power on fire due to the sale of JAL? The reason is absolutely clear. Jaiprakash Associates is actually the parent (promoter) company of JP Power and it holds 24 percent stake in it. The completion of this deal directly means that all the thermal and hydroelectric plants of JP Power are now indirectly controlled by Adani Ecosystem. The news of this strong backup has increased the confidence of investors in the market.
Understand the share story in numbers
If we look at the current market data, the share of JP Power is trading at the level of Rs 17.0. Due to the news of Adani’s entry, there is heavy buying in this stock. The total market cap (market capitalization) of the company has now reached Rs 11,658 crore.
Talking about the returns of the stock, it has jumped by about 12 percent (11.99%) within the last one week. At the same time, it has jumped by 27 percent in a month. If we look at the accounts of the last one year, this stock has earned a profit of 16.49 percent to the investors. Its 52 week high level has been Rs 27.70 and low level of Rs 12.52.
What does JP Power do?
Established in the year 1994, Jaiprakash Power Ventures is mainly involved in the business of power generation, coal and sand mining and cement grinding. The company has a total power generation capacity of 2220 megawatt (MW). It has three major power plants in the country:
- Vishnuprayag Hydro-Electric Plant (400 MW): This plant located in Uttarakhand has been working since 2007.
- JP Bina Thermal Power Plant (500 MW): Located in Sagar district of Madhya Pradesh, this plant has two units of 250-250 MW.
- JP Nigri Supercritical Thermal Plant (1320 MW): Located in Singrauli (Madhya Pradesh), two units of 660-660 MW are working in this big plant.
Out of its total capacity, the company has pre-determined agreements (PPAs) to sell 1245 MW of power, while the remaining power is sold on short-term basis. Apart from this, the company also has the capacity to extract 3.92 million tonnes of coal from the Amelia coal mine and a fuel supply agreement of 1.5 million tonnes for the Bina plant to run the plant.
Market experts believe that JP Power already has the best plant and infrastructure. Now with the support of a financially strong company like Adani Group, its functioning will improve rapidly. In the long run, there is full hope that the company’s debt will reduce and profits will increase, which will directly benefit the small investors who have expressed their faith in this stock.
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