JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has received a Letter of Intent from the Himachal Pradesh government for the allotment of 126 MW Chhatru Hydro Electric Power Plant (HEP).
JSW Energy share price: During the day, the stock rallied as much as 13.96 per cent to trade at 334.20 on NSE. On BSE, the shares hit an intraday high of Rs 334, before settling slightly lower at Rs 330.65.
The completion of the deal is expected by November 15, subject to approval by Competition Commission of India (CCI) and other customary approvals, including of lenders.
JSW Energy Arm To Acquire 1.75 GW Renewable Portfolio From Mytrah Energy For Rs 10,530 Crore swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.