A host of power companies have been shedding their assets lately to counter fuel supply concerns and mounting interest costs burden. An article in Mint today reports the BC Jindal group company - Jindal India Thermal Power (JITPL) - is also on the lookout for buyers to sell its 1,200 megawatt (MW) Odisha plant.
Adani Power has won the bid to prove 540 MW at Rs 4.49 per unit; Jindal India Thermal Power will provide 374 MW at Rs 4.69.
JSW Energy has board nod to raise funds worth Rs 5000 crore for acquisitions. It also has understanding to acquire two thermal power plants of JP Associates - 500 MW at Bina in Madhya Pradesh and 1,320 MW at Nigrie, MP.