Jindal Power Ltd (JPL) has agreed to buy the 1,350 MW Jhajjar power plant in Haryana from Apraava Energy (formerly CLP India). This deal is among the more substantial thermal power acquisitions in recent times.
While the two parties have not officially disclosed the transaction amount, sources indicate the deal is valued at approximately ₹4,000 crore.
JPL became the preferred bidder after entering into an exclusivity agreement earlier this year and had competed with international firms such as Czech‑based Sev.en Global.
According to filings, the boards of Jhajjar Power Limited (a unit of Apraava) and Jindal Jhajjar Power Limited (a wholly owned subsidiary of Jindal Power) have approved the transfer of all shares. The deal also includes two other subsidiaries of Apraava Apraava Renewable Energy Private Limited and Kohima‑Mariani Transmission Limited.
The Jhajjar plant, commissioned in 2012, was among India’s early supercritical thermal power projects and had an initial investment of around $1.2 billion.
It supplies around 90% of its production to utilities in Haryana, with the remaining share going to Tata Power Trading Company.
The plant was also the first in the National Capital Region to adopt flue gas desulphurisation (FGD) technology to control emissions.
For Jindal Power, the acquisition expands its thermal generation capacity it currently operates about 4,300 MW across Chhattisgarh, Maharashtra, and Andhra Pradesh.
The company is simultaneously pursuing a clean energy strategy, aiming to build 12 GW of renewable capacity by 2030, including efforts in energy storage and green hydrogen.
