JP Group’s JP Power Share Price Jumps 10% After NCLT Approves Resolution Plan for Jaiprakash Associates

Jaiprakash Power Ventures' share price rallied sharply in early trade on March 18, 2026, rising more than 10 per cent in the morning session. The stock climbed from its previous close of Rs 13.98 to around Rs 15.45, resulting in a gain of about Rs 1.47 per share.

What were the Reasons for the Share Price Movement in Jaiprakash Power Ventures?

The rally followed an announcement that the National Company Law Tribunal (NCLT), Allahabad Bench, had orally pronounced its order on March 17, 2026, approving the resolution plan for Jaiprakash Associates. The plan was submitted by Adani Enterprises Ltd under Section 31 of the Insolvency and Bankruptcy Code, 2016.

According to the company’s disclosure, the approval marks an important step in the corporate insolvency resolution process of Jaiprakash Associates. As part of the approved resolution plan, the securities of the company will be delisted from the stock exchanges in accordance with applicable regulations. The successful resolution applicant has assessed that the liquidation value of the company is insufficient to fully meet the claims of secured creditors.

As a result, no consideration will be offered to existing shareholders as part of the delisting process. The exit price for shareholders has therefore been set at nil. In addition, the entire pre-CIRP share capital of Jaiprakash Associates, including equity shares, preference shares and other related instruments, will be cancelled and extinguished on the effective date. This date will fall within 90 days from the approval of the resolution plan by the tribunal.

The company noted that the disclosure is based on the oral pronouncement of the tribunal’s order. A more detailed update will be issued once the written order becomes available.

Jaiprakash Associates Holding in Jaiprakash Power Ventures

According to the latest shareholding disclosures, Jaiprakash Associates holds approximately 1,64,48,30,118 equity shares in Jaiprakash Power Ventures. With the stock price increasing by roughly Rs 1.46 - Rs 1.47 per share in early trading, the value of Jaiprakash Associates’ stake rose by around Rs 240 crore in a single session.

About Jaiprakash Power Ventures Ltd

Incorporated in 1994, Jaiprakash Power Venture Ltd operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity. Of the total generation capacity of 2220 MW, JPVL has a PPA tied up for 1245 MW, while 975 MW capacity is being used to sell power on short-term basis.

Company has 3.92 million tonne capacity from Amelia coal mine and a 1.5-million-tonne-FSA for Bina power plant. The remaining coal requirement at Bina and Nigrie plants is being met through e-auction of coal.

Jaiprakash Power Ventures Ltd Share Price Performance

The stock opened higher at Rs 14.60, compared with the previous close of Rs 13.98, and continued to move upward during the session. It touched an Intraday high of Rs 15.63 and a low of Rs 14.50 before trading around Rs 15.45, showing a gain of Rs 1.47 or about 10.5 per cent from the previous close.

Despite today’s strong rally, Jaiprakash Power Ventures Ltd shares remain down about 12.83 per cent on a year-to-date basis. However, the share has still delivered a gain of around 14.72 per cent over the past year.

Disclaimer: The article is for informational purposes only and not investment advice.