JSW Energy Completes Acquisition of Maruti Clean Coal & Power Limited, Boosting Installed Capacity to 14,835 MW
JSW Energy Limited has successfully completed the acquisition of 100% equity in Maruti Clean Coal & Power Limited (MCCPL), making MCCPL a wholly-owned subsidiary. The transaction significantly enhances JSW Energy’s operational footprint, raising its total installed capacity to 14,835 MW.The acquisition targets the 300 MW thermal power plant operated by MCCPL located at Korba in Chhattisgarh. This completed deal reinforces JSW Energy's commitment to disciplined growth and value-accretive opportunities, complementing the existing generation portfolio through operational synergies between the asset and the company’s Mahanadi facility.
JSW Energy reported that the acquired asset holds a long-term Power Purchase Agreement (PPA) of 195 MW (net) with various Rajasthan discoms, routed via PTC India, which has a residual PPA life of approximately 14 years. Furthermore, MCCPL provides 5% power at variable cost to the Chhattisgarh discom, while an additional ~64 MW capacity is sold in the merchant market.
The transaction valued MCCPL at an Enterprise Value of ₹1,410 crore. The asset's FY26 EBITDA stood at approximately ₹279 crore. Management noted that the acquisition is both EBITDA and PAT-accretive from day one, simultaneously reducing JSW Energy’s net leverage and strengthening its overall balance sheet resilience. Coal supply for the plant is secured through a long-term Fuel Supply Agreement with SECL and linkage under the SHAKTI scheme.
JSW Energy currently operates an installed thermal capacity of 5,958 MW, supplemented by 3,800 MW under construction at its Salboni and Mahanadi Thermal Power Plants, along with a pipeline of 1,200 MW for brownfield expansion at Mahanadi. The completion of the acquisition brings the total operational capacity to 14,835 MW.
Key details regarding JSW Energy’s generation portfolio and targets are summarized below:
| Metric | Status / Value |
|---|---|
| Current Operational Installed Capacity | 14.8 GW |
| Under Construction Projects | 3,800 MW (Salboni and Mahanadi) |
| Brownfield Expansion Pipeline (Mahanadi) | 1,200 MW |
| Total Locked-in Generation Capacity | 32.4 GW (Operational & Construction across thermal, hydro, and renewables) |
| Energy Storage Capacity | 29.6 GWh (26.4 GWh pumped hydro; 3.2 GWh battery) |
JSW Energy aims to reach a total generation capacity of 30 GW and an energy storage capacity of 40 GWh by 2030, with the long-term goal of achieving carbon neutrality by 2050.
The transaction involved professional advisors, including Khaitan & Co as legal advisor, BDO India for financial and tax due diligence, and Roots Legal for land due diligence.
JSWENERGY Stock Price Movement
Shares of JSW Energy Limited are edging higher to ₹563.95 as of 10:47 AM today, gaining 0.44% in live trading. The equity traded with a volume of 308,747 shares, remaining within its intraday range established between the low of ₹560 and a high of ₹565.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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