India: JSW Energy to buy JSPL’s power project for $600m

India: JSW Energy to buy JSPL’s power project for $600m

Sajjan Jindal-led JSW Energy Ltd has said it will buy 100% of Jindal Steel and Power Ltd’s (JSPL) 1,000 megawatt (MW) thermal power plant in Chhattisgarh at an enterprise value of Rs4,000 crore, in what is seen as a bailout for younger brother Naveen Jindal’s struggling business.

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