JSW Energy Ltd, led by Mr. Sajjan Jindal has agreed to buy a 1,000 MW power plant of Jindal Steel and Power Ltd’s (JSPL), which is located in Chhattisgarh. The total value of the deal is rs. 6,500 crore. After the acquisition, JSW Energy will have a total power generation capacity of 5,531 megawatts.
The transaction is scheduled to be completed by June 30, 2018. JSW Energy is a part of JSW Group. JSW Energy is in various areas of power, those are Generation, Transmission and Trading. Presently, Jindal Steel’s net debt at the end of 2015 stood at rs.46,000 crore, seven times its current market valuation.
So let’s discuss some questions related to this post :
1. Recently,JSW energy ltd has agreed to buy a 1,000 MW power plant of which company ?
2. What is the total value of the power deal sign between Jindal brothers ?
Courtesy : Hindustan Times