JSW Energy to buy GMR Energy’s Kamalanga power plant for Rs 5,321 cr

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In a regulatory filing, the company said it has signed share purchase agreement with GMR Energy Ltd for acquiring its subsidiary, GMR Kamalanga Energy Ltd

New Delhi: JSW Energy on Monday said it will buy GMR Energy Ltd’s 1,050 MW thermal power plant in Odisha for Rs 5,321 crore.

In a regulatory filing, the company said it has signed share purchase agreement with GMR Energy Ltd for acquiring its subsidiary, GMR Kamalanga Energy Ltd, which owns and operates a 1,050 MW (3×350 MW) thermal power plant in Odisha, for Rs 5,321 crore (subject to working capital and other adjustments).

Source: Energy Economic Times