JSW Energy heads towards biggest single-day gain

Reuters Market Eye - JSW Energy shares surge as much as 14.6 percent to their highest since April 2011.

Heading towards their biggest single-day gain.

JSW Energy to buy two hydropower projects from Jaiprakash Power Ventures for 97 billion rupees ($1.57 billion).

Company drops plans to acquire the Bina power plant; accordingly, the transaction value appears lower versus speculation - analysts.

JSW up 49.9 percent YTD vs a 32.5 percent gain in the Nifty.

(Reporting by Abhishek Vishnoi)