JSW Energy had entered into exclusive discussions with GMR Energy Ltd for capability acquisition of its subsidiary, GMR Kamalanga Energy Ltd, which owns and operates a 1,050 MW (3×350 MW) thermal strength plant in Odisha.
The Company has signed Share Purchase Agreement with GEL, pursuant to which the Company shall accumulate 100% stake in GKEL for a complete consideration of an quantity up to Rs. 5,321 crore (situation to running capital and different adjustments).
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