Evonith Steel acquires Indrajit Power in Maharashtra for Rs 232 cr

Evonith Steel has successfully acquired Indrajit Power Pvt Ltd for Rs 232 crore. This acquisition was completed through an insolvency process. The 85 MW thermal asset will now support Evonith Steel's power needs. The National Company Law Tribunal approved Evonith Steel as the Resolution Applicant. This strategic move enhances Evonith Steel's operational capabilities in Wardha, Maharashtra.

Raccontata daeconomictimes.indiatimes.com