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JSW Energy to acquire 3,600 MW thermal power plant in resolution deal 

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JSW Vitality Restricted has secured approval from collectors to accumulate KSK Mahanadi Energy Firm Restricted (KMPCL) via a decision plan underneath India’s insolvency course of. The corporate obtained a Letter of Intent on January 13, 2025, marking a major growth of its energy era portfolio.

The shares of JSW Vitality Restricted had been buying and selling at ₹547 up by ₹29.25 or 5.65 per cent on the NSE in the present day at 1.45 pm

The KMPCL facility in Chhattisgarh contains 1,800 MW of operational capability, with 95 per cent already dedicated underneath lengthy and medium-term energy buy agreements. An extra 1,800 MW is underneath development, with one 600 MW unit being 40 per cent full and infrastructure in place for the remaining items.

  • Additionally learn: JLR, Tata Communications associate for Subsequent-Gen linked automobiles

This acquisition will improve JSW Vitality’s complete locked-in thermal era capability to 7.5 GW and total locked-in era capability to twenty-eight.2 GW. The deal positions the corporate nearer to its goal of reaching 20 GW capability earlier than 2030.

The transaction stays topic to regulatory approvals from the Nationwide Firm Regulation Tribunal and Competitors Fee of India. The facility plant has secured preparations for water provide and coal transportation for its whole 3,600 MW capability.

  • Additionally learn: Laxmi Dental IPO attracts sturdy retail, NII curiosity; QIB portion undersubscribed

JSW Vitality, a part of the USD 24 billion JSW Group, has expanded its energy era capability from an preliminary 260 MW in 2000 to 7,864 MW presently, with a various portfolio together with thermal, wind, hydel, and solar energy belongings.

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Revealed on January 14, 2025





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