OREANDA-NEWS. March 02, 2012. Sesa Goa Limited ("Sesa Goa"), a majority-owned subsidiary of Vedanta Resources plc ("Vedanta"), the London-based FTSE 100 metals and mining group is pleased to announce that it has completed the acquisition of Goa Energy Private Limited ("GEPL").

Sesa Goa had announced on November 03, 2011, that it had signed the definitive Share Purchase Agreement with Videocon Industries Limited along with other Shareholders of GEPL under which Sesa had agreed to acquire 100% of the outstanding common shares of GEPL for the enterprise value of ? 101 crores on cash free debt free basis including normative working capital of ? 2.75 crores.

GEPL owns and operates a 30 MW waste heat recovery power plant in Goa which utilizes the Waste heat and gases from Sesa's Coke making and Pig Iron facilities.