MoneyWorks4Me

JSW Energy terminates resolution plan to acquire Ind-Barath Energy

03 Feb 2021 Evaluate

JSW Energy has junked its plan to acquire Ind-Barath Energy (Utkal) being pursued through the National Company Law Tribunal (NCLT) route. Ind-Barath Energy is setting up a 700 MW thermal power project in Odisha. JSW Energy has served a notice to terminate the resolution plan to acquire Ind-Barath Energy with immediate effect.

JSW Energy had submitted a Resolution Plan to the Committee of Creditors (CoC) for the Corporate Insolvency Resolution of Ind-Barath Energy (Utkal) (Corporate Debtor) on October 3, 2019. The Resolution Plan was approved by the CoC on October 14, 2019 and the Resolution Professional (RP) filed an application to the National Company Law Tribunal for approval of the same.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.

JSW Energy Share Price

557.70 1.60 (0.29%)
14-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 341.00
Tata Power 383.20
Power Grid Corpn. 266.50
Adani Power 205.25
Torrent Power 1309.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: