Billionaire Anil Agarwal-led Vedanta Limited will buy Meenakshi Energy for ₹1,440 crore after emerging as the successful bidder. The debt-laden Meenakshi Energy is a 1,000-MW coal-based power plant at Andhra Pradesh's Nellore. It was admitted under insolvency resolution and the proceedings commenced on November 7, 2019. Vedanta added that the National Company Law Tribunal's approval is pending.