Radha Smelters receives NCLT’s nod to acquire GVK Gautami Power

NCLT has approved Radha Smelters Pvt Ltd's resolution plan to acquire GVK Gautami Power Ltd for around Rs 207 crore, resolving Rs 2,759 crore liabilities. The approval includes the extinguishment of all crystallized and unclaimed liabilities. The 471 MW gas-based plant in Andhra Pradesh is part of this insolvency resolution. GVK Power & Infrastructure is also undergoing a similar process.