JSW Energy calls off proposed deal to acquire GMR Kamalanga Energy

JSW Energy Limited has called off its proposed deal to acquire GMR Kamalanga Energy Limited’s 1,050 MW operational coal-based power plant in Odisha, owing to the Covid-19 related uncertainty.

The termination will add no cost to either of the parties. In February 2020, JSW Energy had said it would acquire the project for Rs 53.21 billion, only to put it on hold in May 2020 and finally scrap it now.

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