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HomeSTOCKS₹17 Power Share; Rs 774.90 Crore Total Order Value; Upper Circuit Hit...

₹17 Power Share; Rs 774.90 Crore Total Order Value; Upper Circuit Hit After News

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Jaiprakash Power Ventures Ltd (NSE – BE: JPPOWER) share price: GE Power India said it has received 2 orders worth Rs 774.90 crore from Jaiprakash Power Ventures Ltd.

GE Power India received two orders from Jaiprakash Power Ventures for the supply of D&E and wet limestone-based FGD for Nigri Super Thermal Power Plant at Nigri and Bina Thermal Power Plant at Bina, it said in a BSE filing. 

The Nigri plant order is worth Rs 490.5 crore plus GST of 18 percent and the Bina plant order is worth Rs 284.4 crore. Orders are accepted for Bina and Nigri for 33 months.

5% Rise In The Stock

Talking about the shares of Jaiprakash Power Ventures, a rise of 5% was seen in it. On Wednesday, the third day of trading in the week, the share price reached Rs 17.68. 

The share price on 12 February 2024 was Rs 23.99. This is the 52-week high of the stock. At the same time, on May 15, 2023, this share reached Rs 5.57. This is the stock’s 52-week low.

How Were The Quarterly Results?

Last January, Jaiprakash Power Ventures released its quarterly results in the December quarter. Net profit in this quarter was Rs 172.85 crore. The September quarter saw a profit of Rs 68.66 Crores and a loss of Rs 217.97 Crores in the same period last year.

The company reported that its revenue for the third quarter increased by 82.36 percent to Rs 2,190.05 crore, compared with Rs 1,201.05 billion year-on-year.

The quarter’s revenue from the power segment was Rs 1,530.53 Crore, followed by coal segment revenue of Rs 235.37 Crore and sand mine revenue of Rs 659.87.

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