JSW Energy to Acquire 300 MW Thermal Power Plant for ₹1,410 Crore
JSW Energy will acquire 100% of Maruti Clean Coal and Power Limited (MCCPL) for ₹1,410 crore. MCCPL operates a 300 MW thermal power plant in Chhattisgarh. The acquisition aims to strengthen JSW Energy's thermal portfolio and supports its target of reaching 30 GW capacity by FY 2030. The transaction is expected to close by July 31, 2026.
The acquisition is a significant inorganic move that directly contributes to the company's stated capacity expansion goals and strengthens its operational portfolio.
The acquisition of a 300 MW thermal power plant is expected to be EBITDA and PAT-accretive, reduce net leverage, and support the company's growth strategy and capacity targets.
JSW Energy Limited has entered into a definitive agreement to acquire 100% equity shares of Maruti Clean Coal and Power Limited (MCCPL), which operates a 300 MW thermal power project in Chhattisgarh. The transaction, valued at an enterprise value of approximately ₹1,410 crore (subject to closing adjustments), is expected to be completed by July 31, 2026, pending regulatory approvals and customary conditions.
MCCPL's assets include a long-term Power Purchase Agreement (PPA) for 195 MW with Rajasthan discoms and a supply agreement with SECL for coal. The acquisition is expected to be EBITDA and PAT-accretive, reduce the company's net leverage, and strengthen its balance sheet. This move aligns with JSW Energy's strategy to expand its thermal capacity and achieve a target of 30 GW by FY 2030. The company currently has an installed thermal capacity of 5,658 MW and projects under construction and in the pipeline, aiming for a total locked-in thermal capacity of 5,958 MW post-closure. JSW Energy's overall generation capacity target is 30 GW by 2030, with carbon neutrality by 2050.
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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.