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Jindal Power to acquire Simhapuri power plant

Wednesday, 22 Jun 2022
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Jindal Power (JPL) is set to acquire Simhapuri Energy's 600 MW power plant in Nellore district of Andhra Pradesh. 
JPL will acquire the power plant for around Rs 300 crore and the deal is likely to be sealed in over a week. Simhapuri Energy is currently under liquidation.
JPL will acquire the asset and is planning to operate it by importing coal from Indonesia and Africa. It may begin operating the plant by Q3/FY23.
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