India, Oct. 21 -- Power producers live and die by two things: how much of their electricity is sold under long-term contracts, and how well their plants run. Companies with plenty of contracted capacity enjoy steadier earnings, while those selling on the open market ride price swings. Legacy debt can also weigh on them for years. Anything that clears old liabilities can matter as much as a good quarter of generation.

The Nifty 50 was trading at 22,801.85, down 0.38%. Meanwhile, Sensex also fel 0.22% to 73,708.90 on Wednesday. Meanwhile, Shares of Jaiprakash Power Ventures Ltd. were trading at Rs. 13.89, down 6.91% from previous close of Rs. 14.91. The stock opened at Rs. 14.80 and reached an intraday high of Rs. 14.80 and low of Rs. 13.8...