JAIPRAKASH HYDROPOWER FILES PROSPECTUS WITH ROC
- ALL DECKS CLEARED FOR IPO IN POWER SECTOR IN THIRD WEEK OF MARCH 2005

Jaypee Group recently organized interface meetings to present credentials of Jaiprakash Hydro-Power Limited which owns and operates India's largest hydropower plant BASPA-II (300 MW), in the private sector, in Himachal Pradesh. Jaiprakash Associates Ltd. (JAL), a prominent player in infrastructure, i.e. Engineering and Construction, Cement and Tourism, which are emerging sectors of the economy, is offering 36.66% stake in its 100% subsidiary company, viz. Jaiprakash Hydro Power Ltd. (JHPL) to Public through Book Building process. The prospectus has been filed with the Registrar of Companies on 8th March, 2005 after due clearances from BSE, NSE and SEBI. The issue opens on 22nd March, 2005 and shall close on 29th March, 2005. The price band is Rs.27 to Rs.32 per share of a face value of Rs.10. JHPL is operating India's Largest hydro power project, Baspa-II (300 MW) in the Private Sector in Himachal Pradesh, which is in operation since June, 2003 and is operating above the rated capacity.