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JSW Energy to acquire Jaiprakash Power Ventures’ Bina plant

19 Jul 2016 Evaluate

JSW Energy has decided to buy a 500 MW thermal power plant located at Bina in Madhya Pradesh (MP) from Jaiprakash Power Ventures for an enterprise value of Rs 2,700 crore in an all-cash deal.

Both the entities had announced a binding memorandum of understanding (MoU) in September 2015, when JSW had acquired Himachal Baspa Power Company, a subsidiary of Jaiprakash Power Ventures, for Rs 9,275 crore.

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.

Peers
Company Name CMP
NTPC 310.40
Tata Power 343.20
Adani Power 185.60
Power Grid Corpn. 249.25
Adani Energy Solut. 1275.10
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