Archive · 19 Aug 2025
Jindal Power in Talks to Buy Jhajjar Power for ₹3,500-4,000 Crore
Jindal Power is trying to buy Jhajjar Power, a company that runs a big power plant.
The deal could cost between 3,500 and 4,000 crore rupees and is expected to be done by the end of August.
Jhajjar Power has a plant in Haryana that makes electricity from coal.
Jindal Power was chosen to buy it earlier and had a special agreement.
Jindal Power is also trying to buy another company and wants to grow bigger.
The company is financially stable.
Jindal Power is in advanced talks to acquire Jhajjar Power Ltd from Apraava Energy.
The deal is valued between ₹3,500 - ₹4,000 crore and is expected to close by the end of August.
Jhajjar Power Ltd, a subsidiary of Apraava Energy, operates a 1,320 MW coal-fired power plant in Haryana.
Jindal Power had previously secured an exclusivity agreement after emerging as the front-runner.
Jindal Power is also pursuing the acquisition of Bhadreshwar Vidyut and expanding its portfolio.
- Who
- Jindal Power is the buyer; Apraava Energy is the seller.
- What
- Jindal Power is in talks to acquire Jhajjar Power Ltd.
- When
- Deal is expected to close by end of August, 2025.
- Where
- Jhajjar Power Ltd located in Haryana.
- Why
- To expand Jindal Power's portfolio.
- Acquisition Value
- ₹3,500 - ₹4,000 crore
- Target Company
- Jhajjar Power Ltd
- Seller
- Apraava Energy
- Jhajjar Power Capacity
- 1,320 MW
- Jindal Power Capacity
- 4,300 MW (current)
- Jhajjar Power Debt
- ₹3,041 crore
- Jindal Power EBITDA (FY24)
- ₹6,879 crore