Jaiprakash Associate Limited

Adani-JAL impact: Jaiprakash Power Ventures stock zooms 29% in two days; tech chart suggests the stock could re-visit July-month highs. Here are the key levels to watch out for.

JP Power stock needs to break and trade consistently above ₹23.90 levels to open the doors for a sharper rally towards ₹34 levels, suggests the long-term technical charts.

Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group's flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order dated June 3, 2024, passed by the National Company Law Tribunal, Allahabad Bench. Sources said that Adani Group has submitted an Expression of Interest (EOI) to acquire the bankrupt JAL. Earlier this month, the National Company Law Tribunal (NCLT) directed that the resolution plans to acquire JAL through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. The JAL's total outstanding loans from banks and financial institutions stood at Rs 55,493.43 crore as of February 20, 2025. The company also recently inform

Adani Wilmar, Coal India, Dish Tv, Eicher Motors, Grasim, Medplus Health, MTNL, Nagarjuna Fertilizers, PC Jeweller, Railtel, Rajesh Exports, Spandana Sphoorty and SpiceJet to announce results today.

The NCLAT had allowed the pleas of all banks as well as JAL and held that the transactions were genuine and the allegation of undervaluation was not justified

The bench, once during the hearing, asked JAL to deposit Rs 4.75 billion by August 27 with a caution that non-compliance would force it to order jailing of its directors

The bench on May 16 had asked JAL to deposit Rs 10 bn, in addition to Rs 7.5 bn already deposited

A bench headed by Chief Justice Dipak Misra had earlier asked the firm to deposit Rs 2,000 crore with its registry