Meanwhile, JSW Energy Ltd got fair trade regulator CCI's approval to acquire 1,000 MW power plant in Chhattisgarh from Jindal Steel and Power Ltd (JSPL). Under the deal announced in May, the Sajjan Jindal-led firm was to purchase the power plant in Raigarh for Rs 6,500 crore with certain conditions.
The enterprise value of the deal is Rs.4,000 crore plus net current assets and "which will be increased to Rs.6,500 crore plus net current assets, if certain pre-arranged conditions regarding fuel security and power off take are satisfied", JSW Energy had said in May.
JSW Energy Ltd is engaged in the business of power generation, power trading and transmission, and mining and equipment manufacturing.
Therefore, buy the shares of JSW Energy Ltd at Rs.81, for short term targets of Rs.92-95. Please keep a SL of Rs.76, for any short term trade.