Jaiprakash Power Ventures Ltd
Jaiprakash Power Ventures to Surrender Two Coal Mines Amid Policy & Economic Shifts šā”
- Jaiprakash Power Ventures surrenders Amelia (North) & Bandha North coal mines.
- Decision approved by Board on 16th May 2026, pending approvals.
- Surrender driven by policy changes, economic viability, and sociological factors.
- Amelia (North) Mine: Captive for Nigrie Power Plant, valued at ā¹222.16 crore (31st March 2026).
- Bandha North Mine: Pre-operational, investment worth ā¹92.52 crore (31st March 2026).
- Company net worth: ā¹12,721 crore; total income: ā¹5,790.85 crore (31st March 2026).
- Surrender aims to prevent financial stress and ensure long-term sustainability.