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Ind-Barath Energy (Utkal) Approve JSW Energy’s Resolution Plan

Power News - Published on Wed, 16 Oct 2019

Image Source: energy.economictimes.indiatimes.com
JSW Energy Ltd announced that a committee of creditors overseeing the insolvency resolution of Ind-Barath Energy (Utkal) Ltd has approved a resolution plan submitted by the company. JSW Energy said “The closure of the transaction shall be subject to the receipt of necessary regulatory approvals including from the National Company Law Tribunal.”

JSW Energy did not disclose the financial details of its resolution plan.

Ind-Barath owns a 700 MW under construction thermal power plant located in Odisha.

Source :

Posted By : Rabi Wangkhem on Wed, 16 Oct 2019
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