Coal power plant

Nagpur-based Evonith Steel has acquired Wardha-based Indrajit Power Pvt Ltd (IPPL), an 85 MW coal-based power producer, for Rs 232 crore through the Insolvency and Bankruptcy Code (IBC) process. The National Company Law Tribunal (NCLT) approved Evonith Steel as the successful resolution applicant on April 20. IPPL is located adjacent to Evonith Steel’s integrated steel…