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Jaiprakash Power Ventures to Pay ₹511 Crore in NARCL Settlement

CNBC TV18•20-09-2026, 08:40

•Jaiprakash Power Ventures Ltd and National Asset Reconstruction Company Ltd (NARCL) agreed to a ₹511 crore full and final settlement.
•The settlement is contingent on the payment, fulfillment of other conditions, and execution of definitive agreements.
•Insolvency and Bankruptcy Code (IBC) proceedings against Jaiprakash Power Ventures will be withdrawn upon completion of settlement terms.
•Adani Power Ltd previously announced acquiring a 24% stake in Jaiprakash Power Ventures from Jaiprakash Associates for ₹2,993.59 crore.
•Adani Power will also acquire a 180 MW Thermal Power plant in Churk, Uttar Pradesh, and an 11.49% stake in Prayagraj Power Generation Co. Ltd for ₹1,200 crore.

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Key Questions Answered

Jaiprakash Power Ventures Ltd and the National Asset Reconstruction Company Ltd (NARCL) agreed to settle a claim for ₹511 crore as full and final payment, which will lead to the withdrawal of Insolvency and Bankruptcy Code (IBC) proceedings once all conditions are met.

Adani Power is acquiring a 24% stake in Jaiprakash Power Ventures held by Jaiprakash Associates for ₹2,993.59 crore, alongside a 180 MW thermal power plant in Churk, Uttar Pradesh, and related assets including an 11.49% stake in Prayagraj Power Generation Co. Ltd. for ₹1,200 crore.

Jaiprakash Power Ventures had previously disclosed the initiation of Insolvency and Bankruptcy Code (IBC) proceedings on February 27, 2026.