Jaiprakash Power Ventures Limited (JPVL), earlier known as Jaiprakash Hydro Power (JHPL), is a leading player in the energy sector. A part of Jaypee Group, the company was founded on December 21, 1994.
The company was incorporated to develop a 300 MW Baspa Stage-II hydroelectric power project in Himachal Pradesh. The company was granted commencement of operation certificate in January 1995. The Baspa Stage-II hydropower project was commissioned in June 2003 and started power generation.
The company has a strong portfolio of projects in both hydropower and thermal power segments. JP Power is also engaged in coal mining and cement grinding businesses. Its 2-MTPA Jaypee Nigrie cement grinding unit at Singrauli in Madhya Pradesh launched commercial operations in June 2015.
The company also operates a 1980 MW super critical technology boiler based thermal power project in Bara, Allahabad, Uttar Pradesh. The sales and purchase agreement (SPA) for the project was executed in July 2009.
The company commissioned a 214 km power transmission project in April 2012 under its wholly-owned subsidiary, Jaypee Powergrid Limited, to evacuate power from the 1000 MW Karcham-Wangtoo Project. JPVL’s 214-kilometre-long extra high voltage Karcham-Wangtoo Project in Himachal Pradesh is meant to evacuate power from the Karcham-Wangtoo hydropower plant. Under this project, power is distributed to states such as Himachal Pradesh, Haryana, Punjab, Uttar Pradesh and Rajasthan.
Jaiprakash Power Ventures Limited’s market capitalisation stood at over ₹9,900 crore as of December 12, 2023. JP Power share price has surged more than 270% in the last three years.
JP Power business segments
Jaiprakash Power Ventures Limited primarily deals in power generation, transmission and distribution.
Jaiprakash Power Ventures Limited owns several hydroelectric power projects. Three such hydroelectric power projects are the 400MW Vishnuprayag Hydroelectric Project in Uttarakhand, the 1000MW Karcham-Wangtoo Project and the 300MW Baspa-II Hydroelectric Project in Himachal Pradesh.
The company also operates the Jaypee Nigrie Super Thermal Power Project in Madhya Pradesh.
To strengthen its position in Madhya Pradesh, the company also acquired Sangam Power Generation business Limited and Bina Power Supply Company Limited.
JPVL, through its subsidiary Jaypee Arunachal Power Limited, is working on two projects in Arunachal Pradesh. These projects include 500 MW Hirong and 2700 MW Lower Siang power projects.
The company has also entered into an agreement with the Meghalaya government for the 450 MW Kynshi Stage II and 270 MW Umngot hydro power projects.
JP Power Financial Highlights
- Revenue: JP Power reported revenue of ₹5,791.61 crore in FY26 vs ₹5,707.55 crore in FY25. It showed an increase of 1.47% on a yearly basis.
- Operating Profit: JP Power reported an operating profit of ₹747.42 crore in FY26 vs ₹1,215.61 crore in FY25. It showed a decrease of 38.51% on a year-on-year basis.
- Net Profit: JP Power reported a net profit of ₹450.63 crore in FY26 vs ₹813.55 crore in FY25. It showed a decrease of 44.61% on a yearly basis.
JP Power Quarterly Result Highlights
- JP Power reported revenue of ₹1,806.49 crore in Jun 2026, compared with ₹1,470.79 crore in Mar 2026, representing an increase of 22.82% on a quarter-on-quarter (QoQ) basis.
- JP Power reported an operating profit of ₹376.80 crore in Jun 2026, compared with ₹1.98 crore in Mar 2026, representing an increase of 18,930.30% on a quarter-on-quarter (QoQ) basis.
- JP Power reported a profit of ₹468.84 crore in Jun 2026, compared with ₹13.37 crore in Mar 2026, reflecting an increase of 3,606.66% on a QoQ basis.
- The earnings per share (EPS) of JP Power stood at ₹0.49 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
