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Jaiprakash Power Shares Rise After Settling NARCL Claim for Rs 511 Crore
Jaiprakash Power Ventures shares rose as much as 14 percent after the company settled a claim with the National Asset Reconstruction Company for Rs 511 crore as full and final payment. The settlement removes the outstanding claim and was viewed positively by investors, driving a sharp rise in the stock during Monday trading.
By Finblage Editorial Desk
4:57 pm
21 September 2026
Jaiprakash Power Ventures shares rose as much as 14 percent in Monday trading after the company reached an agreement with the National Asset Reconstruction Company Ltd (NARCL) to settle a claim for Rs 511 crore.
The amount has been agreed as full and final settlement of the claim, resolving the matter between Jaiprakash Power Ventures and NARCL. The development triggered a sharp positive reaction in the company's shares during the trading session.
The settlement is significant for Jaiprakash Power as it provides clarity on the outstanding claim with the asset reconstruction company and removes an overhang associated with the matter. Investors responded positively to the resolution, leading to the sharp movement in the stock.
Jaiprakash Power Ventures is engaged in the power generation business and operates assets across the power sector. The company's financial position and debt-related developments remain important factors for investors tracking the stock.
The settlement with NARCL comes against the broader backdrop of efforts by financial institutions and companies to resolve stressed assets and outstanding claims through negotiated settlements. For Jaiprakash Power, the agreement provides greater certainty regarding the claim and its financial implications.
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