The Economic Times wrote on 24 June, 2016:
Months after initial discussions fell through, Sajjan Jindal-controlled JSW EnergyBSE 0.00 % is said to have reopened talks with the Jaypee Group on acquiring three power assets. The two sides are in advanced negotiations for a deal involving two power generation units and a majority stake in a transmission joint venture for an enterprise value of about Rs 5,500 crore, two people aware of the development told ET.
The two utilities are Bina Thermal Power in Madhya Pradesh with an installed capacity of 500 MW and the 400 MW Vishnuprayag Hydro Power in Uttarakhand. Bina can be ramped up further and its capacity trebled. The third asset is a 74 per cent stake in Jaypee Powergrid, a 74:26 joint venture with Power Grid Corporation of IndiaBSE -0.43 % Ltd (PGCIL). All three assets are held by Jaiprakash Power Venture Ltd (JPVL), a majority owned subsidiary of Jaiprakash Associates, and an acquisition agreement could be reached shortly, said the people cited above.Therefore, buy the shares of JSW Energy Ltd at Rs.80.35, for short term targets of Rs.88-91. Please keep a SL of Rs.79, for any short term trade.