Sesa Goa Limited, a majority-owned subsidiary of Vedanta Resources on 1 March 2012 acquired Goa Energy Private Limited from Videocon Industries Limited in a 101 crore Rupees deal.
Sesa Goa as per an agreement inked with Videocon Industries on 3 November 2011, had agreed to completely buy out Goa Energy Private Limited for the enterprise value of Rs 101 crore on cash-free debt-free basis, including normative working capital of Rs 2.75 crore.
Goa Energy Private Limited has under its ownership a 30-MW waste heat recovery power plant in Goa, which utilizes the waste heat and gases from Sesa Goa's coke making and pig iron facilities.
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