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Jindal Steel and Power (JSPL)’s shareholders have provided their approval to the sale of 1,000 MW power plant in Chhattisgarh to JSW Energy.
JSPL has said that its shareholders have approved the resolution of “divestment of the 1000 MW Power unit of Jindal Power Ltd into a special purpose vehicle (SPV) for the purpose of transferring the same to JSW Energy, with an overarching aim of garnering value for our equity shareholders.”
JSW Energy, in May, inked an agreement for acquiring the power plant, situated in Raigarh, from heavily indebted JSPL.
