Jaiprakash Power saw its shares hit the 5% upper circuit in morning trade after the company announced a major green energy move. In a board meeting held on 27th August 2025, the company approved exploring a proposal to set up a 50 MW Solar PV Power Plant at its existing Jaypee Bina Thermal Power Plant (JBTTP) site in Bina, Madhya Pradesh.
The new solar project will complement the company’s existing 500 MW thermal power facility at Bina, with an estimated investment of around ₹300 crore. The project is subject to necessary approvals, including clearance from lenders.
This move underscores Jaiprakash Power’s strategy to expand its renewable energy footprint while utilizing its current infrastructure. With India aggressively pushing for clean energy and reducing carbon emissions, this project aligns well with the national agenda of boosting renewable power capacity.
Once executed, the solar plant is expected to strengthen the company’s green energy portfolio, enhance sustainability credentials, and reduce reliance on conventional power sources. Investors responded positively to the announcement, reflecting growing confidence in the company’s renewable energy initiatives.
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