The Competition Commission of India on Tuesday cleared JSW Energy‘s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is currently undergoing CIRP initiated under the Insolvency and Bankruptcy Code, 2016), by JSWEL (through JSW Thermal),” the regulator said in a release.
JSW Energy Ltd (JSWEL), a listed company, through its subsidiaries is engaged in power generation, power transmission, power trading, coal mining, and power equipment manufacturing.
Incorporated in 2009, KSK Mahanadi Power Company Ltd (KMPCL) owns a 3,600 MW thermal power plant located in…
