JSW Energy has terminated Rs 6,500 crore deal with Jindal Steel and Power (JSPL) to acquire its 1,000 MW power plant in Raigarh district of Chhattisgarh. With the elapsing of the Long Stop Date without completion of the stipulated conditions precedent, the proposed acquisition of the said power plant stands terminated.
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.
