JAMNAGAR UTILITIES & POWER PRIVATE LIMITED Coupon 9.75% | Corporate Bond

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

1Y 6M 15Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AAA/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

JAMNAGAR UTILITIES & POWER PRIVATE LIMITED

Jamnagar Utilities & Power Private Limited is a Non-govt company, incorporated on 04 Jan 1991. It's a private unlisted company and is classified as a company limited by shares. JUPPL is a subsidiary of RIHPL, which is part of the Reliance Industries Limited promoter group (RIL).

JUPPL operates captive power plants based on coal and gas that have a combined capacity of 2,300 MW of electricity and over 10,000 tonnes per hour (tph) of steam.

These power plants serve RIL's manufacturing facilities (refinery and petrochemical facilities) in Dahej, Hazira, and Jamnagar.

The company has entered into long-term PGAs with RIL for the aforementioned capacities, which ensure stable revenue and cash flows for JUPPL in order to meet its operating expenses and debt servicing obligations

Financial Analysis

JUPPL derives significant of its revenue from the operation of its power plans. The companys total income increased by approximately 14 % to Rs. 5,824 crores in FY21 from Rs. 5,128 crores in FY20, owing primarily to an increase in interest income from loans/investments in various entities, including Digital Fibre Infrastructure Trust (DFIT), an Infrastructure Investment Trust controlling Jio Digital Fibre Private Limited (rated CARE AAA; Stable), which houses infrastructure assets for telecom and digital service providers.

JUPPL is expected to receive interest income from DFIT investments/loans consistently over the long term.

Total Annual Revenue

5,824 Cr (FY 21)

Year of Inception

1991

Industry

Corporate

Head Office

JAMNAGAR

Type of Issuer

Corporate

Current MD/CEO

Mr. V K Gandhi

Credit Rating / Outlook

AAA STABLE

CRISIL

AAA STABLE

CARE

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AAA credit rating are considered to have the highest degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry lowest credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

JAMNAGAR UTILITIES & POWER PRIVATE LIMITED

Security Name

ISIN

Copy

INE936D07075

Face Value

₹ 10,00,000

Coupon Rate

9.75%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

2-Aug-2024

Clean Price

₹ 103.13

Dirty Price

Current Yield

Mode of Issue

Private Placement

Date of Issue

4-Aug-2014

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

Download Cashflow

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FAQs about JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bonds

How to buy this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond online follow the steps below:

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Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond?

7.4266% is the current yield of this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond is 7.4266%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond?

To redeem this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond tax-free?

No, this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond before the maturity date?

Yes, it is possible to sell this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Talk to our Support Team for free. We will help you through your investment journey.

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Highlights

About Issuer

JAMNAGAR UTILITIES & POWER PRIVATE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond online?

What is the yield of this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond?

Is it safe to invest in bonds?

How to redeem this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond?

Is this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond tax-free?

Can I sell this JAMNAGAR UTILITIES & POWER PRIVATE LIMITED bond before the maturity date?

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