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.
