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JP Power shareholders clear Rs.1,000 crore for UP project

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9 years ago

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New Delhi: Jaiprakash Power Ventures Ltd (JPVL) on Monday said its shareholders have approved a Rs.1,000 crore investment in subsidiary Prayagraj Power Generation Company Ltd (PPGCL) for setting up a 1,980 MW thermal power plant at Bara in Uttar Pradesh’s Allahabad district.

Of PPGCL’s total paid-up capital of of Rs.3,123 crore, JPVL has already made an equity investment worth Rs.2,783 crore.

JPVL is investing Rs.1,000 crore more in PPGCL to meet the revised project cost of Rs.13,780 crore.

In a filing to the Bombay Stock Exchange, JVPL said that shareholders have also approved sale of the company’s entire stake held in Himachal Baspa Power Company Ltd (HBPCL) for about Rs.9,700 crore as per an agreement on November 15, 2014 with the Sajjan Jindal-led JSW Energy Ltd.

“The company had paid $50 million upto March 31, 2015 and now a further sum of $75 million has been paid to the bondholders upon sale of securities of the company’s subsidiary Himachal Baspa Power Company Ltd (HBPCL) to M/s. JSW Energy Ltd,” JPVL informed the stock exchange.

Earlier this month, JSW Energy said the acquisition has given it complete control over the 300 MW Baspa II and 1091 MW Karcham Wangtoo hydro electricity projects.

The company said an additional consideration of Rs.300 crore may become payable upon receipt of certain additional consents and approvals related to the Karcham Wangtoo project before September 6, 2020.

JSW Energy has also entered into an initial agreement with Jaiprakash Power Ventures to acquire 100 percent stake in the 500 MW Bina thermal power plant located in Sagar district in Madhya Pradesh.

“The plan to acquire the Bina power project will further strengthen the business model as also enhance our capacity to over 5,000 MW,” JSW Energy chairman Sajjan Jindal said in a statement.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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