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 (CoC) on October 14, 2019, has received the approval of National Company Law Tribunal, Hyderabad on July 25, 2022," a regulatory filing said.
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