JP Power Share Price Target 2022, 2023, 2024, 2025 and 2030

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JP Power share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about JP Power share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.

For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear to you, in this article we have mentioned JP Power share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.

Also read: Tata Chemicals share price target 2022, 2025, and 2030.

JP Power: Company Profile

Jaiprakash Power Ventures Limited (JPVL) earlier known as Jaiprakash Hydro Power (JHPL), is a part of the Jaypee Group that was incorporated in 1994. The company owns and operates the 300 MW Baspa-II Hydroelectric Project at District Kinnaur, Himachal Pradesh, 400 MW Vishnuprayag Hydroelectric project, at District Chamoli, Uttarakhand, and 1000 MW Karcham-Wangtoo at District Kinnaur, Himachal Pradesh. All the plants are run-of-the-river hydroelectric power projects.

The company through its subsidiary Jaypee Arunachal Power Limited is implementing two projects in Arunachal Pradesh, the 2700 MW Lower Siang & 500 MW Hirong. JPVL has also extended into an implementation agreement with the Government of Meghalaya to set up 270 MW Umngot and 450 MW Kynshi Stage –II hydropower projects.

JPVL has also acquired Bina Power Supply Company Limited (BPSCL) from the Aditya Birla Group and is setting up a 1250 MW coal-fired Thermal Power Plant at Bina in the State of Madhya Pradesh.

The company has also acquired Sangam Power Generation Company Ltd. for setting up 3 x 660 MW Karchana Thermal Power Project (Phase – I: 2×660 MW) & Prayagraj Power Generation Company Ltd. for 5 x 660 MW Bara Thermal Power project (Phase – I: 3×660 MW) from UP Power Corporation Ltd. on BOO basis.

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JP Power share price target 2022, 2023, 2024, 2025, and 2030

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JP Power Share Price Target 2022, 2023, 2024, 2025 and 2030

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JP Power Share Price Target 2022, 2023, 2024, 2025 and 2030

JP Power Share Price Target 2022

The Finance Minister Smt. Nirmala Sitharaman announced the Union Budget for 2020-21 under the Narendra Modi government. Among other things, the Budget has introduced a slew of reforms and initiatives for the energy and power sector.

  • Rs 22,000 crore has been allocated to power and renewable energy.
  • 15 percent concessional tax rate has been decided for new power generation companies.
  • The Finance Minister urges all the states and next to replace conventional energy meters with prepaid smart meters in three years. This will give consumers the freedom to choose suppliers and rates as per their needs.
  • National Gas Grid will be expanded from the current 16,200 km to 27,000 km. Reforms to deepen gas markets and enable ease of transactions and transparent price discovery will also be made.
  • Five new smart cities will be set up via the PPP model.
  • Thermal plants have also been advised to shut operations if they don’t meet emission norms.
  • Large solar power capacity will be set up alongside rail tracks and on land owned by Railways.
  • The government aims to achieve the electrification of 27,000 km of railway tracks.
  • Solar power plants will be developed on barren farmlands, to give a boost to the sector.

As India looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. The government is aiming to achieve 227 GW of renewable energy capacity (including 114 GW of solar capacity addition and 67 GW of wind power capacity) by 2022, more than its 175 GW target as per the Paris Agreement.

The government plans to establish a renewable energy capacity of 523 GW (including 73 GW from Hydro) by 2030. As of February 2021, installed renewable energy capacity stood at 94.43 GW. The country is targeting about 450 Gigawatt (GW) of installed renewable energy capacity by 2030 – about 280 GW (over 60%) is expected from solar. From April 2015 to February 2021, India has added 117.9 GW of power generation capacity, including 64.5 GW from conventional sources and 53.4 GW from renewable sources.

By December 2019, 15,100 megawatts (MW) of wind power projects were issued, of which, projects of 12,162.50 MW capacity have already been awarded. Power generation from renewable energy sources in India reached 127.01 billion units (BU) in FY20. With a potential capacity of 363 GW.

The power sector has huge support from the government side, and by considering all the above-mentioned factors, JP Power share price target for 2022 is Rs 12.

JP Power share price target 2022
Rs 12

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JP Power Share Price Target 2023

The power landscape in India could be transformed by introducing competition across the value chain and market-driven pricing of bulk power. A unique opportunity exists across generation, transmission, and distribution to bring a significant change through the involvement of both public and private sectors and provide “Power for all”.

To support the execution of projects across the Power value chain, companies need to provide a favorable legal policy and regulatory framework. Higher capacity transmission corridors could be developed. This would facilitate the development of a conducive environment for DISCOMs and consumers to access power at competitive prices in the open electricity market. Thus, an opportunity exists to bring down the cost of procurement of bulk power by introducing competition and market-driven price discovery mechanisms across the value chain.

Distribution infrastructure could be improved through Central Schemes. The Power Ministry could use Central Schemes to assist states in improving infrastructure within the state. Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) and Restructured Accelerated Power Development and Reforms Programme (R-APDRP) are examples of such schemes in the Distribution sector.

While RGGVY focuses on rural electrification under the “Power to All” pillar, R-APDRP assists states in reducing AT&C losses through the support of IT enablement and infrastructure upgrading the projects. It also provides for capacity development at the state level and financial incentives for the employees of state utilities. These are some of the opportunities for the power sector to grow in the future. JP Power share price target for 2023 is Rs 17.

JP Power share price target 2023
Rs 17

JP Power Share Price Target 2024

The Power sector has witnessed several significant developments in the last few years. With peak demand at 190GW vs installed capacity at 380GW, India is now a power surplus country. On the transmission side, our country has successfully developed an integrated single grid, which is the largest in the world.

Power can now flow seamlessly across the country resulting in ‘one nation one price round the year’. Further, the Government has approved a revamped reforms-based result-linked power distribution sector scheme with an outlay of INR 3 lakh crores over the next 5 years to improve operational efficiency and financial viability of Discoms. This will help build a commercially viable power sector, which is necessary to ensure a vibrant power market.

Power markets are an inevitable part of the energy shift, which is driven by renewables and technology. As India moves towards higher renewables, power markets will be key in managing the intermittencies by efficient integration with conventional power.

In line with evolving energy demand and India’s pursuit to lower carbon emissions as per the Paris Climate Agreement 2015, India has planned to add 175 GW of renewable capacity by 2022 and 450 GW by 2030. By considering all these factors, JP Power share price target for 2024 is Rs 22.

JP Power share price target 2024
Rs 22

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JP Power Share Price Target 2025

India is the third-largest producer and third-largest consumer of electricity in the world with an installed power capacity reaching 382.15 GW as of March 2021. The growing population and sustained economic growth continue to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country.

The power demand in the country is expected to grow at 6.18%, according to the Central Electricity Authority (CEA), driven by rising industrial demand. Further, demand revival will be driven by various reforms undertaken by the Government of India, viz. the UDAY scheme, ‘24*7 Power for All’ initiative, and the ‘Saubhaghya’ scheme. Under the UDAY scheme, DISCOM needs to modernize its networks and lower its distribution losses – fixing this infrastructure deficit will be the strongest theme in the Indian power sector. India is on its way to becoming the world’s first country to use LEDs for all lighting needs, thereby saving Rs. 40,000 Crore (USD 6.23 Bn) on annual basis.

India is ranked as the third-largest consumer of electricity in the world and has one of the largest transmission systems. The country is at the cusp of a transformation, driven by the fast-paced growth of renewable energy which is in line with efforts to decarbonize its energy economy.

From a mere 4% share in electricity generation in the year 2008-09, it reached a mighty 11% in 2020-21 and the installed renewable capacity at 94 GW represents 24.7% of the total installed capacity of 382 GW. The government as well as corporates have been rallying behind the increased adoption of renewable energy and are also pro-actively exploring the feasibility of adoption of other new emerging renewable technologies such as hydrogen, and geothermal, which are driving the energy innovation.

Some specific targets set by the Government include reducing emission intensity by 33‐35% by the year 2030 as compared with 2005 levels, achieving a 40% share of non‐fossil fuel-based electricity generation capacity, and 450 GW of installed renewable capacity by 2030. JP Power share price target for 2025 is Rs 29.

JP Power share price target 2025
Rs 29

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JP Power Share Price Target 2030

The Government of India is making serious efforts to boost the renewable energy segment due to its sustainability and the country’s climate change obligations. The cost of renewable energy has fallen and is now at parity with conventional sources. On the traditional energy generation front, against lignite, gas, and diesel, coal is expected to remain a significant fuel source in the country’s quest to provide power to every citizen, but, this segment will experience limited growth.

India’s thermal power generation capacity addition program, which was exceeding the actual targets set by the government until a few years ago, has stagnated and steeply fell in recent years due to various issues such as land acquisition, focus on renewables, and funding problems, especially in the private sector.

As per the Central Electricity Authority (CEA), peak demand is likely to increase to around 340 GW from the current peak demand of around 190 GW by 2030. The base demand is expected to increase to 2325 BU by 2030. CEA predicts that India’s likely installed capacity by FY 2030 could be around 817 GW, more than double the present installed capacity.

In terms of coal-based capacity, CEA estimates a capacity addition of over 60 GW by 2030. Further, coal-based power will still be the dominant fuel type in 2030. In terms of the PLF of coal-based plants, CEA studies indicated that high-capacity pit head plants (600 – 800 MW unit size) could enjoy PLFs of over 70% whilst similar load center plants could have PLFs of around 50%. It is evident that coal-based power could continue to play a significant role in meeting India’s electricity demand in the long term. 

The Indian power sector is undergoing a significant change that has redefined the industry outlook. Sustained economic growth momentum continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. India is now a power sufficient country with the peak demand at 190 GW as compared with an installed capacity of 382 GW. By considering all the factors and the opportunities for power sector companies, JP Power share price target for 2030 is Rs 121.

JP Power share price target 2030
Rs 121

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JP Power Share Price Target 2022, 2023, 2024, 2025, and 2030

YearShare Price Target
JP Power share price target 2022Rs 12
JP Power share price target 2023Rs 17
JP Power share price target 2024Rs 22
JP Power share price target 2025Rs 29
JP Power share price target 2030Rs 121

Frequently Asked Questions

What is the future of JP Power?

The Indian power sector is undergoing a significant change that has redefined the industry outlook. Sustained economic growth momentum continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. India is now a power sufficient country with the peak demand at 190 GW as compared with an installed capacity of 382 GW. By considering all these factors, Jp power has a lot of opportunities in the future to grow its business.

Is JP Power debt-free?

No, JP Power is not a debt-free company. JP Power has a debt of 5,226 crores, which is a debt to equity of 0.49.

Is JP Power a good buy for long term?

No, JP Power is not a good buy for the long-term. The company has shown a poor revenue growth of -0.79% for the past 3 years, Company has a poor ROE of -14.69% over the past 3 years, and Company has a poor ROCE of -0.07% over the past 3 years.

Should I buy JP Power share?

No, JP Power is not a good company in terms of financials and fundamentals. JP Power is also a loss-making company. So, it is better to avoid JP Power and invest in some other companies which are good in terms of fundamentals and financials.

JP Power share price target?

JP Power share price target for 2022 is Rs 12, JP Power share price target for 2023 is Rs 17, JP Power share price target for 2024 is Rs 22, JP Power share price target for 2025 is Rs 29, and JP Power share price target for 2030 is Rs 121.

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