Meanwhile, the BSE Sensex was up 226.93 points, or 0.77%, to 29,820.66.

On BSE, so far 27.71 lakh shares were traded in the counter, compared with an average volume of 19.27 lakh shares in the past one quarter.

The stock hit a high of Rs 12.95 and a low of Rs 12.27 so far during the day. The stock hit a 52-week high of Rs 26.63 on 26 May 2014. The stock hit a 52-week low of Rs 10.40 on 11 February 2015.

The stock had outperformed the market over the past one month till 3 March 2015, rising 4.16% compared with 2.05% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 7.74 % as against Sensex's 4.05% rise.

The mid-cap company has an equity capital of Rs 2938 crore. Face value per share is Rs 10.

Convertible bonds worth $200 million, issued by Jaiprakash Power Ventures in 2010, matured on 13 February 2015. On 27 January 2015, the company announced that it was facing a cash crunch and was not in a position to repay bondholders on the due date. Hence, it entered into an interim standstill agreement on 12 February 2015 with certain holders of the bonds that collectively hold 81.04%, of the aggregate principal amount of the bonds. Pursuant to the agreement, the standstill period on bond repayment extended till 3 March 2015. The interim standstill agreement was later extended till 30 April 2015.

Meanwhile, the company announced during trading hours today, 4 March 2015, that on the basis of the standstill and voting agreement, it will issue a notice on 6 March 2015, convening a meeting of bondholders on 30 March 2015. In the meeting, the company will seek an extension of the bond maturity date to 13 February 2016.

The company will also seek an installment-based redemption during the extended tenor, including that the company will pay $25 million on the date the rescheduling becomes effective and will pay a further $75 million upon receipt of the proceeds of the sale of its Baspa-II Hydro-electric project and Karcham Wangtoo Hydro-electric project.

Balance amount is payable on or before 13 February 2016, linked to certain liquidity events in relation to the company requiring mandatory prepayment. The terms of the rescheduling remain subject to receipt of approval of the Reserve Bank of India (RBI), the company said.

Jaiprakash Power Ventures reported net loss of Rs 90.21 crore in Q3 December 2014 compared with net profit of Rs 153.05 crore in Q3 December 2013. Total income jumped 108% to Rs 1068.93 crore in Q3 December 2014 over Q3 December 2013.

Jaiprakash Power Ventures is a power company and a part of Infrastructure conglomerate - Jaypee Group. The company plans, develops, implements and operates power projects in India.