JSW Energy shares surge 5% as firm acquires 3.6 GW KSK Mahanadi power plant; all you need to know

This follows the approval by the Committee of Creditors, with the closure of the transaction subject to the necessary regulatory approvals from the National Company Law Tribunal and Competition Commission of India.

KMPCL owns a 3,600 MW thermal power plant located in Chhattisgarh.

Presently, 1,800 MW (600 MW x 3 units) is operational, which is 95% tied up under long- and medium-term power purchase agreements.

An additional 1,800 MW (600 MW x 3 units) is under construction, out of which one unit (600 MW) is 40% completed, and the balance of the plant is in place for the remaining 1,200 MW.

The plant has a firm arrangement for water and coal transportation for the entire 3,600 MW.

After this, the company's total locked-in thermal generation capacity stands at 7.5 GW, and the total locked-in generation capacity stands at 28.2 GW. This positions JSW Energy to achieve its target of 20 GW significantly before 2030.

JSW Energy Joint Managing Director and CEO Sharad Mahendra said, "This strategic move positions us to address the increasing energy needs of our nation through a diversified energy mix, integrating both conventional and renewable sources."

JSW Energy: Recent Key Updates

Last week, JSW Energy said its arm JSW Neo Energy completed the acquisition of 125 MW of renewable energy assets from Hetero Group for an enterprise value of about ₹630 crore.

The 125 MW portfolio comprises wind projects located in Andhra Pradesh and Maharashtra and has long-term power purchase agreements, a regulatory filing said.

The portfolio has a blended tariff of Rs 5.22/KWh and an average remaining plant life of 15 years.

The total locked-in capacity of the company stands at 24.7 GW, which consists of a diverse fuel mix and off-takers.

Besides, in December 2024, JSW Energy said its arm JSW Neo Energy Ltd (JSW Neo) would acquire a 4,696 MW renewable energy platform for an enterprise value of ₹12,468 crore from O2 Power Pooling Pte Ltd (O2 Power).

The transaction entails the acquisition of O2 Power Midco Holdings Pte Ltd and O2 Energy SG Pte Ltd and is subject to approval by the Competition Commission of India (CCI) and other customary approval standards for a transaction of this size, a company statement said.

JSW Energy stock performance

Shares of the company have given 9.5% returns in the past year.

About JSW Energy

JSW Energy is one of the leading power generation companies in India that produces electricity through thermal, solar, and hydropower. JSW Energy is part of the JSW Group, which also operates in the steel, infrastructure, and cement industries.