An unknown buyer agreed to acquire Jaiprakash Power Ventures Limited, Nigrie Cement Grinding Unit from Jaiprakash Power Ventures Limited.

Jaiprakash Power Ventures Limited is an India-based company, which is engaged in the business of generation of thermal and hydro power, cement grinding and captive coal mining. The Company owns and operates approximately 400 megawatts (MW) JaypeeVishnuprayag Hydro Electric Plant at District Chamoli, Uttarakhand; 1320 MW JaypeeNigrie Super Thermal Power Plant at Nigrie, District Singrauli, Madhya Pradesh, and 500 MW JaypeeBina Thermal Power Plant at Village Sirchopi, District Sagar, Madhya Pradesh. It is operating a cement grinding unit (two million tons per annum) at Nigrie, District Singrauli, Madhya Pradesh, and is also engaged in captive coal mining operations at Amelia Coal Block allotted by Government of India for supply of coal to JaypeeNigrie Super Thermal Power Plant. The Company's include Sangam Power Generation Company Limited, Jaypee Arunachal Power Limited, Jaypee Meghalaya Power Limited and Bina Mines and Supply Limited.