From Jindal Steel & Power
JSW Energy has agreed to acquire the 1,000 MW (4X250 MW) thermal power plant located at Village Tamnar, District Raigarh in the State of Chhattisgarh from Jindal Steel & Power, subject to receipt of necessary statutory and shareholder consents.Post acquisition, the aggregate installed and operational power generation capacity of JSW Energy will enhance to 5531 MW. The transaction is to be completed on or before 30 June 2018. The consideration is in the form of Cash. An interest bearing advance of Rs 500 crore is to be paid pursuant to approval of shareholders of JSW Energy & Jindal Steel & Power and Competition Commission of India.
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