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Tata Steel to acquire 74% stake in Bhubaneshwar Power

Capital Market 

For a consideration of Rs 255 crore

has on 30 November 2017 executed definitive agreements to acquire 74% equity shares of Bhubaneshwar Power from JL Power Ventures for a consideration of Rs 255 crore.

Bhubaneshwar owns a 135 MW (2x67.5MW) thermal power plant at Anantapur Village in Cuttack District of Odisha.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 01 2017. 18:49 IST
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