State-owned power giant NTPC NSE 2.43 % in Monday announced the acquisition of 600-MW Jhabua Power Plant for Rs 925 crore, which is its first such deal through insolvency proceedings. “NTPC Ltd… has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT),” a company statement said.
