Jindal Power Limited has signed an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy.
The Jhajjar plant is operated by Jhajjar Power Limited, a wholly owned subsidiary of Apraava Energy. The proposed transfer includes all of Jhajjar Power’s paid-up share capital to Jindal Jhajjar Power Limited, a subsidiary of Jindal Power. The acquisition also includes two other subsidiaries of Apraava Energy- Apraava Renewable Energy Private Limited and Kohima-Mariani Transmission Limited. The transaction is expected to close within a month.