Jindal Power in Advanced Talks to Acquire Jhajjar Power for ₹3,500–4,000 Crore.

The acquisition of Jhajjar PoweJindal Power, promoted by Naveen Jindal, is in the final stages of a deal to acquire Jhajjar Power Ltd from Apraava Energy. The acquisition, valued at ₹3,500–₹4,000 crore, is expected to be finalized by the end of August, though sources indicate a slight delay of a few weeks is possible as the exact valuation is being worked out.

r would add a significant asset to Jindal Power's portfolio. Jhajjar Power Ltd (JPL), a wholly-owned subsidiary of Apraava Energy, operates one of India’s first supercritical coal-fired plants.

About the Plant

The 1,320 MW supercritical power project, located in the Jhajjar district of Haryana, has been commercially operational since mid-2012. The plant provides 90% of its output to the state of Haryana, with the remaining capacity being supplied to Tata Power Trading Company Ltd.