JSW Energy is reportedly planning to acquire a 1,000 MW Jindal Power plant for about Rs 6,000 crore. The deal is likely to be announced shortly. Jindal Power (JPL) is owned by Jindal Steel & Power (JSPL). Cash-crunch due to the downturn in steel prices and burgeoning debt might force the JSPL to shed some assets.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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