In the last one year, JSW Energy has been single-mindedly pursuing deals in the power sector. At last count, it has agreed to snap up three power companies and has pulled out of a deal. The company stands to gain from them immensely.
Quoting sources, Kritika Saxena of CNBC-TV18 reports that this deal may be signed post the completion of the Bina power plant buyout.
The company had reported a net profit of Rs 66.96 crore in the year-ago period, Jaiprakash Power Ventures said in a filing to BSE.
JSW Energy is to acquire 500 MW Bina Thermal Power Plant from Jaiprakash Power Ventures. The enterprise value of the Bina plant is put at Rs 2700 crore. It will also consider buying 100 percent equity in minerals & energy Swaziland for USD 1.5 million.
The Baspa II and Karcham Wangtoo hydro projects contributed Rs 1,800-1,900 crore of FY15 revenues, says Suren Jain, MD, Jaiprakash Power Venture