JSW Energy terminates Rs 6.5K deal to buy JSPL’s 1 GW plant in Raigarh

New Delhi, Jul 1 (PTI) Billionaire Sajjan Jindal’s JSW EnergyNSE 3.43 % Monday announced termination of Rs 6,500 crore deal with Jindal Steel and PowerNSE -1.93 % Ltd (JSPL) to acquire its 1,000 MW power plant in Raigarh district of Chhattisgarh.

“We now wish to inform you that with the elapsing of the Long Stop Date without completion of the stipulated conditions precedent, the proposed acquisition of the said power plant stands terminated,” JSW Energy said in a filing to the BSE.