Power Plant. Representative Image.Jindal Power Acquires Jhajjar Thermal Plant in Haryana: New Delhi, November 3, 2025: In one of the largest recent transactions in India’s thermal power sector, Jindal Power Limited (JPL) has completed the acquisition of 100% shareholding in Jhajjar Power Limited (JPLtd), which operates a 1,320 MW coal-based thermal power plant in Jhajjar, Haryana.
The acquisition was executed through Jindal Power’s wholly owned subsidiary, Jindal Jhajjar Power Limited (JJPL), following a competitive bidding process initiated by Apraava Energy Private Limited (AEPL).
Under the transaction, JJPL entered into a share purchase agreement to acquire 100% of the equity shares and compulsorily convertible preference shares of Jhajjar Power Limited from AEPL, Apraava Renewable Energy Private Limited, and Kohima Mariani Transmission Limited.
Leading law firm Cyril Amarchand Mangaldas (CAM) advised Jindal Power on the deal, providing comprehensive legal support across transaction structuring, due diligence, regulatory clearances, and competition law matters.
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Legal Team Behind the Deal
The transaction team was led by Manasvini Raj, Partner, with assistance from Pratiti Shah (Associate), Pratima Barde (Associate), and Nishra Sejpal (Associate).
Strategic guidance was provided by L. Viswanathan, Senior Partner, and Manmeet Singh, Partner.
Due diligence was spearheaded by Manasvini Raj, supported by Apoorv Jain (Principal Associate), Pratiti Shah, Saurabh Sharma (Associate), and Nishra Sejpal.
For regulatory due diligence, Vishal Binod, Partner, led the effort, supported by Aditya Dubey (Senior Associate), Sagnik Maitra (Senior Associate), and Rashika Bhardwaj (Associate).
The land and land disputes due diligence was handled by Ashish Jain, Partner, and Alok Shankar, Partner, assisted by Shorya Choudhary (Principal Associate), Rishita Khandelwal (Associate), and Ruchika Prabhu (Associate).
Competition law aspects of the transaction were advised by Dhruv Rajain, Partner, with support from Vanya Agarwal (Associate), while Bharath Reddy, Partner, provided counsel on employment incentives.
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Details of the Transaction
The Jhajjar Power Plant, located in Haryana’s Jhajjar district, is one of the key power generation assets in North India, with a total capacity of 1,320 MW (2×660 MW units). The acquisition strengthens Jindal Power’s presence in the Indian power sector, enhancing its generation portfolio and operational footprint.
Industry experts see the transaction as a sign of renewed investor confidence in the conventional energy space, even as India continues its parallel transition toward renewable power sources.
With this acquisition, Jindal Power consolidates its position among India’s major private power producers, while Cyril Amarchand Mangaldas continues to reinforce its role as a leading legal adviser in large-scale energy and infrastructure deals.
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