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JPT Securities’ board has decided to explore the possibility of merging with Pipavav Power
Company, which is developing a 250 MW thermal power plant in two tranches at Pipavav, based
on imported coal.
The project is expected to be implemented over a period of 24 months after financial closure. A
part of the generated capacity would be used to cater to the captive requirement of industries in
the immediate vicinity on the basis of a long-term power purchase agreement. The balance would
be sold on a merchant basis to other users in the area.
Further, the board has decided to explore funding the total expected project cost of Rs 1,250
crore with a mix of equity and debt including External Commercial Borrowings (ECB) and Foreign
Currency Convertible Bond (FCCB).
JPT Securities is engaged in the business of dealing in shares and securities, providing financial
services such as bill discounting, investment in shares, etc. Apart from this it also provides
corporate advisory and electricity generation through windmills.
Company Directors are not manipulative. Chairman of KLG CAPITAL AND JPT
SECURITIES is Nikhil Gandhi who introduced SEZ concept in India.
My Vision for these two companies is 20 bagger in 2 years. Just check Jai Corp Ltd
as well. It was just a steel company and now it is converted into Infrastructure
company.