JSW Energy shares surged 7.07% to ₹554.60 as of Jan 14, 2025, 11:12 AM, following its acquisition of the 3,600 MW KSK Mahanadi plant.
JSW received a Letter of Intent for KSK Mahanadi Power, boosting its capacity and strengthening its market position in power generation.
Jan 2024: Bids submitted. Oct 2024: Creditors approve. Jan 2025: LoI issued; regulatory approvals pending.
KSK Mahanadi owns a 3,600 MW plant in Chhattisgarh, with 1,800 MW operational and 95% capacity under long-term agreements.
Thermal capacity grows to 7.5 GW, with total generation at 28.2 GW. JSW nears its 2030 target of 20 GW ahead of schedule.
Secured water and coal resources enhance operational efficiency. This acquisition strengthens JSW’s energy portfolio and growth prospects. Source – The Economic Times