JWS Energy has announced its plan to acquire GMR Energy Ltd’s 1,050 MW thermal power plant in Odisha for Rs 5,321 crore.
In a filing with the exchange on Monday, the company said that “It has signed a share purchase agreement with GMR Energy Ltd for acquiring its subsidiary ‘GMR Kamalanga Energy Ltd.’ that owns and operates 1050 MW (3×350 MW) thermal power in Odisha.”
“For Rs 5,321 crore, that subject to working capital and other adjustments,” the filing added.
