JSW Energy's Neo Energy acquires Virya Infrapower

JSW Energy announced today that JSW Neo Energy Limited, its wholly-owned subsidiary, has executed share purchase agreements to acquire 100% of Virya Infrapower Private Limited. The transaction, closed on March 12, 2025, involves an enterprise value of INR 7.54 crores, subject to post-closing adjustments. Virya Infrapower, incorporated in December 2014, focuses on renewable energy project development in India and has recorded no revenue in the last three fiscal years. The acquisition is expected to provide JSW Neo Energy with a ready renewable power site and the necessary infrastructure to accelerate project development. The company's disclosure fulfills Regulation 30 requirements as outlined by the Securities and Exchange Board of India.