JSW Energy witnessed a sharp fall in share prices on Friday concern over acquisition of power plants from Jaiprakash Power Ventures. JSW has signed binding memorandum of understanding (MoU) with JP Power to acquire three operating hydro power plants with an aggregate capacity of 1,891 MW.

The three plants are 300 MW Baspa-II Hydro Electric Plant, 1091 MW Karcham Wanftoo Hydro Electric plant and 500 MW Bina Thermal Power plant.

Shares of the company are trading at Rs 67.80, down Rs 4.5, or 6.22% at the Bombay Stock Exchange (BSE) on Friday at 10:49 a.m. The scrip has touched an intra-day high of Rs 74.50 and low of Rs 67.35. The total volume of shares traded at the BSE is 562,727.