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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.

JSW Energy Share Price

538.10 2.25 (0.42%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Power Grid Corp 318.05
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