Jaiprakash Power Ventures

What Jaiprakash Power Ventures does

Jaiprakash Power Ventures Limited (JPVL) is an Indian power generation company incorporated on December 21, 1994, that develops, implements, and operates power projects across hydropower and thermal power segments. The company's operational portfolio totals approximately 2,220 MW of installed capacity: the 400 MW Vishnuprayag Hydro Electric Plant in Uttarakhand (a run-of-river facility, ISO 14001 certified, and accredited for 1.32 million Verified Emission Reductions per annum), the 500 MW Bina Thermal Power Plant in Madhya Pradesh (acquired from the Aditya Birla Group and commissioned in April 2013), and the 1,320 MW Nigrie Super Thermal Power Plant in Madhya Pradesh (a 2x660 MW super-critical facility commissioned in February 2015, fueled by captive coal from the Amelia North block with reserves of 123 million tonnes). A 300 MW Baspa-II Hydro Electric Project is referenced in product documentation as accredited for 1 million VERs annually but does not appear in the stated 2,220 MW operating total.

JPVL sells electricity under long-term power purchase agreements (PPAs) to state-owned electricity distribution companies (DISCOMs), state grids, and industrial customers. Revenue is generated through regulated capacity charges (fixed cost recovery) and energy charges (variable cost) under cost-plus tariff frameworks or competitive bidding routes set by state electricity regulatory commissions. The company employs 5,001–10,000 people, is publicly listed on BSE (532627) and NSE (JP-POWER), and is headquartered in New Delhi with registered operations in Singrauli, Madhya Pradesh.

Following the insolvency resolution of parent company Jaiprakash Associates Limited (JAL) under NCLT, Adani Power Limited acquired a 24% stake in JPVL on May 21, 2026, for approximately ₹2,993.60 crore as part of a broader ₹4,193.60 crore transaction. JPVL is expected to benefit from Adani Group's operational expertise in power plant conceptualization, design, development, construction, and management. The company also maintains wholly-owned subsidiaries in power generation and mining, including Jaypee Arunachal Power, Jaypee Meghalaya Power, Sangam Power Generation, Bina Power Supply, and Bina Mines & Supply.

Name

Jaiprakash Power Ventures

Legal name

Jaiprakash Power Ventures Limited

Website

https://jppowerventures.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Jaiprakash Power Ventures Limited is an Indian power generation company operating approximately 2,220 MW across hydro and thermal plants, selling electricity under long-term PPAs to state DISCOMs and industrial customers; Adani Power holds a 24% stake acquired in May 2026.

Ownership category

akta.pro rank

Product category

Power Generation

NAICS

Electric Power Generation (22111), Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)

akta.pro secondary industries

Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE), Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE)

Keywords

• Power generation
• Hydropower plants
• Thermal power generation
• Electricity supply
• Power transmission

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Others

Revenue model

1. Power Generation and Sale: The company generates electricity from its three operational power plants (2,220 MW total capacity) and sells power under long-term power purchase agreements (PPAs) to state electricity distribution companies and industrial customers. Revenue is generated through capacity charges and energy charges based on electricity units supplied. FY26 revenue reported at ₹5,563 crore.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Jaiprakash Power Ventures Limited (JPVL) is an Indian power company that plans, develops, implements, and operates power projects. The company generates electricity through hydropower and thermal power plants with a combined operational capacity of 2,220 MW, and sells the generated power to state electricity distribution companies (DISCOMs) and industrial customers under long-term power purchase agreements (PPAs).

Product overview

Jaiprakash Power Ventures Limited (JPVL) is an Indian power company that plans, develops, implements, and operates power projects. Following Adani Power's acquisition of 24% stake from Jaiprakash Associates in May 2026, JPVL now operates under Adani Group ownership. The company's power generation portfolio consists of four main assets totaling approximately 2,220 MW capacity: Vishnuprayag Hydro Electric Plant (400 MW) and Baspa-II HEP (300 MW) for hydropower generation, plus Bina Thermal Power Plant (500 MW) and Nigrie Super Thermal Power Plant (2×660 MW) for thermal power generation. The thermal plants are supported by the Amelia (North) Coal Mine with 123 MT reserves. The company generates carbon credits through its hydropower operations and operates with ISO 14001 certified environmental management systems.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 1.32 million Verified Emission Reductions (VERs) per annum from Vishnuprayag HEP
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Reliance Power: Indian IPP with a comparable mix of thermal (coal), hydro, and renewable capacity serving state DISCOMs under long-term PPAs. Closely matches JPVL in asset mix, customer profile (state utilities), and reliance on regulated tariffs, making it a strong direct peer.
• Adani Power: India's largest private-sector thermal power producer (and now a 24% strategic shareholder of JPVL). Directly comparable as an Indian IPP with a mix of thermal and renewable assets, long-term PPAs, and B2B sales to state DISCOMs; Adani Power is the natural peer given overlapping capacity scale, fuel sourcing strategy, and customer base.

Broad incumbents

• NTPC Limited: India's largest power producer with a diversified portfolio spanning coal, gas, hydro, nuclear, and renewables. Comparable as a domestically dominant generation utility selling under long-term PPAs to state DISCOMs, but with materially larger scale, regulated cost-plus tariffs, and a broader fuel mix than JPVL.
• Tata Power: Integrated Indian power company with generation (thermal, hydro, solar, wind), transmission, and distribution. Comparable to JPVL in its thermal-and-hydro generation core and DISCOM customer base, but with materially greater scale and vertical integration into T&D.
• Torrent Power: Indian integrated power utility with generation, transmission, and distribution in select states. Comparable as a B2B power generator selling to state utilities and industrial customers, though its portfolio is more weighted toward gas and renewables than JPVL's coal-heavy mix.
• NHPC Limited: India's largest hydro power generator and a central public-sector undertaking. Comparable to JPVL's hydropower operations (Vishnuprayag) given similar run-of-river technology, long-term PPAs, and VER/carbon credit monetization, though NHPC is much larger and predominantly state-owned.
• CESC Limited: Vertically integrated Indian power utility with generation (coal and renewables), transmission, and distribution. Comparable in its thermal generation operations and Indian regulatory framework exposure, though CESC is more distribution-heavy.

Emerging players

• GMR Kamalanga Energy: Subsidiary of GMR Group operating a super-critical thermal power plant in Odisha. Comparable to JPVL's Nigrie plant given shared super-critical technology, Indian DISCOM customer base, and PPA-driven revenue model, though smaller in scale and single-asset focused.
• GVK Power & Infrastructure: Indian infrastructure group with thermal power generation assets serving state DISCOMs. Comparable to JPVL in its coal-based generation focus and Indian IPP business model, though with a different geographic footprint and more limited scale.

Regional players

• SJVN Limited: Indian hydro and renewable power generator with a portfolio of run-of-river and pumped-storage hydro projects. Comparable to JPVL's Vishnuprayag hydro operations in technology, project profile, and PPA-based offtake, though primarily focused on northern India.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jaiprakash-power-ventures-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jaiprakash Power Ventures