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    JSW Energy gets approval from NCLT to acquire Ind-Barath Energy (Utkal)


    July 28, 2022 - Accord Fintech

     

      India, July 28 -- JSW Energy has received an approval from the National Company Law Tribunal (NCLT) for its proposal to acquire Ind-Barath Energy (Utkal) which is developing a 700 MW thermal power project in Odisha. The Ind-Barath owns the 700 MW under-construction thermal power plant.

      Resolution Plan submitted by the company for Ind-Barath Energy (Utkal), which was approved by the Committee of Creditors (CoC) on October 14, 2019, has received the approval of National Company Law Tribunal, Hyderabad on July 25, 2022.

      JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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