JSW Energy board approves GE Power India demerger for vertical integration

JSW Energy Limited's board of directors has approved a scheme to demerge and transfer the "Demerged Business" from GE Power India Limited (GEPIL) to JSW Energy. This business includes the manufacture and supply of power boiler components, pressure vessels, piping, and coal mills for thermal power plants from GEPIL's Durgapur facility. This move aims to enhance JSW Energy’s vertical integration, reduce reliance on third-party suppliers, and boost production capacity for future thermal projects.

The appointed date for the scheme is July 1, 2025. As consideration, JSW Energy will issue 10 fully paid-up equity shares of INR 10/- each for every 139 fully paid-up equity shares of INR 10/- held in GEPIL. This share ratio was determined based on reports from GT Valuation Advisors Private Limited and RBSA Valuation Advisors LLP, with a fairness opinion from 3Dimension Capital Services Limited.

The new equity shares issued by JSW Energy will be listed and admitted for trading on BSE Limited and National Stock Exchange of India Limited. The scheme remains subject to regulatory and other approvals.