EnergyPre-market
Jindal Power acquires Apaarva's Jhajjar plant for ₹4,000 cr
pre-market1 source ↓written by the desknot a recommendation
- valued
- ₹4,000 cr
- purchased
- 100% equity shares
Jindal Power, through its subsidiary Jindal Jhajjar Power Limited, has acquired Apaarva Energy's Jhajjar Power plant, valued at ₹4,000 cr. This acquisition marks one of India's largest thermal power deals in recent times, with 100% equity shares purchased. The deal involves significant backing from Axis Bank and HSBC as bankers.
This acquisition may enhance Jindal Power's operational capacity and market position in the thermal energy sector, potentially impacting investor sentiment.
Not investment advice. For informational purposes only.