CCI approved JSW Energy Limited to acquire GMR Kamalanga Energy Limited
India`s Competition Commission (CCI) has approved the acquisition by acquirer JSW Energy Limited of GMR Kamalanga Energy Limited, the goal. The purchase was made on 7 April, in compliance with Section 31(1) of the Competition Act, 2002.
Acquisition:
As per the move, JSW Energy Limited acquires the 100% shareholding of the GMR Kamalanga Energy Limited. JSW has a power generation capacity of 4,541 MW comprising of a portfolio of thermal (3,140 MW), hydro (1,391 MW) and solar (10 MW).
GMR Kamalanga Energy Limited is engaged in the generation of power through its coal-based thermal power plant at Kamalanga village, Odisha.
JSW Energy Limited:
Founded: 1994
Headquarters: Mumbai, India
Chairman: Sajjan Jindal
JSW Energy is in various areas of power including Generation, Transmission, and Trading. The operational generating capacity of JSW Energy is 5681 MW. The products of the company include Electricity Generation and transmission, Hydroelectricity, energy trading, Mining, Power Plant Equipment Manufacturing.
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