India: JSW Cement has signed a contract with JSW Energy to acquire the latter’s 18MW Salboni thermal power plant for US$13.1m. The Press Trust of India newspaper has reported that the companies are conducting the transaction on a slump sale basis. The cement producer plans to optimise labour costs in light of low power demand on the unit. Both companies are subsidiaries of JSW Group.
JSW Cement buys Salboni power plant from JSW Energy
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