JSW Energy Eyes acquisitions after Bina Power deal falls through – Feedback

JSW Energy is actively scouting for acquisition opportunities in thermal and renewable energy sectors after terminating its proposed acquisition of the 500 m.w. Bina Power from Jaiprakash Power Ventures after months of delay in getting necessary approvals from lenders.

“We are interested in acquisitions. In fact, it’s safe to say if there is any opportunity in the space, we are looking at it,” JSW Energy chief executive officer Prashant Jain told reporters on Tuesday after announcing the financial result of the company. Company reported a 6% year-on-year growth in total income from operations for the quarter ended December at Rs. 2,081crore. Net profit more than doubled to Rs. 47 crore from Rs 21crore a year ago

https://economictimes.indiatimes.com/industry/energy/power/jsw-energy-eyes-acquisitions-after-bina-power-deal-falls-through/articleshow/62816615.cms

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