JSW Energy plans to acquire 1,000 MW power plant: Report

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.