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JP Power Shares Rally 15% as Adani Leads Jaypee Insolvency Bid

Reports that Adani Group’s ₹12,500 cr bid is leading the Jaypee Associates insolvency round have lifted JP Power’s intraday market value near ₹14,770 crore.

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JP Power I Stock Price | Image: Freepix

Overview

  • JP Power shares jumped about 15% intraday Monday, trading above all key simple moving averages from the 5- to 200-day.
  • The Gautam Adani-led group has reportedly pitched a ₹12,500 cr resolution plan for Jaypee Associates with over ₹8,000 cr paid upfront.
  • JP Power posted a 73% year-on-year net profit drop to ₹155.7 cr in Q4 FY25 and has guaranteed a $150 m external loan of its parent.
  • Jaypee Associates has been under the NCLT-supervised Corporate Insolvency Resolution Process since June 2024.
  • Dalmia Group could counter with a higher offer if the Supreme Court clears the Jaypee Sports City dispute.