JP Power Share Price Rises for the Second Consecutive Day as Adani Emerges Top Bidder for Parent Firm

JP Power share price rallied almost 2%, marking the third straight session of gains. The surge came after news that the Adani Group, led by Gautam Adani, has emerged as the top bidder to acquire Jaiprakash Associates (JP Associates), which owns 24% of JP Power.

Market experts said an acquisition by a financially strong group like Adani would be positive for both JP Associates and JP Power.

Insolvency Proceedings

JP Associates entered insolvency proceedings after failing to repay its loans. The National Company Law Tribunal (NCLT) in Allahabad accepted the case on June 3, 2024, with creditors filing claims totalling more than ₹57,000 crore.

Additionally, JP Power had given a corporate guarantee for a $150 million loan that JP Associates borrowed from SBI, which was later converted into a rupee term loan. Even though an agreement was made in 2019 to remove this guarantee, it has not yet been released. 

JP Power Financial Performance

JP Power reported a 73% drop in quarterly net profit, falling to ₹155.67 crore in the March 2025 quarter compared to ₹588.79 crore a year earlier. Revenue decreased to ₹1,366.67 crore from ₹1,863.63 crore.

For the full FY25, net profit stood at ₹813.55 crore, down from ₹1,021.95 crore the previous year.

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About JP Power

Founded in 1994, Jaiprakash Power Ventures Limited is engaged in coal and sand mining, cement grinding, and generating both thermal and hydroelectric power.

JP Power Share Price Movement

As of 11:41 AM on July 8, 2025, Jaiprakash Power Ventures share price was trading at ₹23.02, up ₹0.37 or 1.63% for the day. The stock opened at ₹23.20, hit a high of ₹23.84, and a low of ₹21.83 during the session. The company has a market capitalisation of ₹15,780 crore and a P/E ratio of 19.39. Over the past 52 weeks, the share has moved between ₹12.36 and ₹23.84. In terms of returns, the stock has gained 22.06% in the past five days, 29.84% in the past month, 34.31% over six months, 23.35% in the past year, and a remarkable 1,051.50% over the past five years.

Conclusion

JP Power’s sharp rally reflects strong investor optimism over the possibility of the Adani Group taking control of its parent company. While the stock has delivered massive gains over the years, investors should also watch how the insolvency process and any further acquisitions unfold before making fresh bets.

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