JSW Energy Gets NCLT Nod To Acquire 700 MW Utkal Project

JSW Energy on Tuesday said the national company law tribunal has approved its proposal to acquire Ind-Barath Energy (Utkal) Ltd. 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) Ltd. (Ind-Barath), which was approved by the committee of creditors on October 14, 2019, has received the approval of national company law tribunal, Hyderabad on July 25, 2022," a regulatory filing said.