Evonith Steel acquires 85MW Wardha power plant for Rs 232 crore | Nagpur News
Nagpur: Evonith Steel completed the acquisition of Wardha-based Indrajit Power Pvt Ltd (IPPL), an 85 MW coal-based power producer, for Rs232 crore through the Insolvency and Bankruptcy Code (IBC) process, the company said on Friday.The National Company Law Tribunal (NCLT) approved Evonith as the successful resolution applicant on April 20. IPPL is located adjacent to…