JP Power shares hit 5% upper circuit on Rs 300 crore solar project proposal

Shares of Jaiprakash Power Ventures (JP Power Ventures) hit the 5% upper circuit at Rs 18.96 on the BSE on Thursday after the company’s board approved a proposal to explore setting up a 50 MW Solar PV Power Plant with an estimated investment of about Rs 300 crore at its site in Bina, Madhya Pradesh.

In a regulatory filing, the company stated that its Board of Directors, at a meeting held on August 27, considered establishing the solar facility at the premises of the existing 500 MW Jaypee Bina Thermal Power Plant (JBTPP). The project will require necessary approvals, including those from lenders, before implementation.

“This is to inform you that the Board of Directors, in its meeting held today, i.e. 27th August 2025, has considered the proposal to explore the options for setting up of Solar PV Power Plant of approx. 50 MW capacity at the Company's existing Thermal Power Project site situated at Bina, Madhya Pradesh, i.e. 500 MW Jaypee Bina Thermal Power Plant (JBTTP), subject to such approvals as may be required, including that of lenders inter-alia, with an estimated investment of approx. Rs 300 crores,” said the company in its


The proposed solar plant will mark a significant step in the company’s transition toward renewable energy alongside its existing thermal operations.

Incorporated in 1994, Jaiprakash Power Ventures operates in coal mining, sand mining, cement grinding, and the production of thermal and hydroelectric electricity.

JP Power share price history

Over the past two years, shares of JP Power have gained 133.50%, while in the last year, they have been up 5.22%. On a year-to-date (YTD) basis, the stock has risen 4.98%.

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In the past six months, it has advanced 41.92%, including a 25.9% rise over three months. However, the stock has declined 7.38% in the last month.

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