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.