JSW Energy completes KSK Mahanadi acquisition, surpassing 10 GW capacity
JSW Energy has completed the acquisition of KSK Mahanadi Power Company (KMPCL) following the resolution plan under the Insolvency and Bankruptcy Code, 2016, making KMPCL a subsidiary. JSW Energy now holds 74% equity in KMPCL, with secured financial creditors holding the remaining 26%. This acquisition includes a 3,600 MW thermal power plant in Chhattisgarh, with 1,800 MW currently operational and the rest under construction. The transaction, valued at ₹16,084 crore, adds 1,800 MW to JSW Energy's operational capacity, pushing it beyond 10 GW, with plans to expand the remaining capacity in phases. KSK Mahanadi reported revenue from operations of INR 5,475 crores in FY2024. This acquisition helps JSW Energy target 20GW capacity before 2030.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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