JP Power share price hits 5% upper circuit on THIS update. Do you own?
Small-cap stock Jaiprakash Power Ventures (JP Power) surged 5% to hit the upper price band of ₹18.96 in intraday deals on Thursday, August 28, following the announcement that it plans to set up a solar power project in Madhya Pradesh at an estimated investment of ₹300 crore.
In an exchange filing on Wednesday, the Jaypee group announced that its board met and considered the proposal to explore the options for setting up of Solar PV Power Plant of 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).
