Jindal Steel & Power has acquired debt-laden Monnet Power’s power plant for Rs 410 crore through insolvency route. The transaction for the Odisha-based 1,050 megawatt power asset was completed on December 07, 2022. The new asset will provide power to company's steel plant in Angul, which is in expansion mode. The company has acquired an under-construction power plant of the Monnet Power.
Jindal Steel & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
