JSW Energy Completes 300 MW Maruti Clean Coal Acquisition, Capacity Reaches 14.8 GW
JSW Energy has acquired 100% of Maruti Clean Coal & Power Limited (MCCPL) for an Enterprise Value of ₹1,410 crore. This acquisition increases JSW Energy's total installed capacity to 14,835 MW. The acquired 300 MW thermal power plant is expected to be EBITDA and PAT-accretive from day one.
The acquisition of a significant thermal power plant directly increases the company's operational capacity and financial metrics, indicating a substantial impact.
The acquisition of a new asset, which is EBITDA and PAT-accretive and increases overall capacity, is a positive development for the company.
JSW Energy Limited has successfully completed the acquisition of 100% of the equity share capital of Maruti Clean Coal & Power Limited (MCCPL), making it a wholly-owned subsidiary. MCCPL owns and operates a 300 MW thermal power plant in Korba, Chhattisgarh, with a long-term PPA for 195 MW (net) and the remaining capacity sold in the merchant market. The transaction values MCCPL at an Enterprise Value of ₹1,410 crore and is expected to be EBITDA and PAT-accretive from day one, while also reducing the company's net leverage.
With this acquisition, JSW Energy's total installed capacity now stands at 14,835 MW. The company is actively pursuing disciplined growth, with a current installed thermal capacity of 5,958 MW and additional capacities under construction and in the pipeline. JSW Energy aims to reach 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030, with a long-term goal of achieving carbon neutrality by 2050.
Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, stated that the acquisition reinforces the company's commitment to disciplined growth and value-accretive opportunities. He highlighted the asset's complementary nature to the existing portfolio, its ability to enhance dependable power delivery, and the potential for further upside through optimization of logistics and O&M costs, leveraging operational synergies with the nearby Mahanadi facility.
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JSW Energy Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Energy Limited. Read the original for the full detail.