JSW Energy closes higher on deal with JP Power

The JSW Energy stock on Tuesday rose on reports that JSW Energy is set to buy a power plant in Madhya Pradesh from debt-burdened Jaiprakash Power Ventures.

The JSW Energy stock rose 9.59 per cent on BSE. The JP Power Ventures stock gained 5.39 per cent too. 

The companies could announce the early stage agreement - for the purchase of the Bina power plant, in the state of Madhya Pradesh - as early as Tuesday, a source said, declining to give a deal value.