JSW Energy Signs Agreement to Acquire 300 MW Thermal Power Plant, Targeting 30 GW Capacity by FY2030

JSW Energy Signs Agreement to Acquire 300 MW Thermal Power Plant, Targeting 30 GW Capacity by FY2030​

JSW Energy Limited has entered into a definitive agreement for the acquisition of Maruti Clean Coal and Power Limited (MCCPL), a company that operates a significant thermal power project in Chhattisgarh. The transaction aims to bolster JSW Energy's thermal generation capacity and support its strategic goal of achieving 30 GW capacity by Fiscal Year 2030.

The acquisition involves securing 100% equity shares of MCCPL from Kolahai Infotech Private Limited and SFI Parcel Services Private Limited. Upon the completion of the transaction, MCCPL will become a wholly-owned subsidiary of JSW Energy.

MCCPL is an established thermal power generator in Chhattisgarh, operating a 300 MW plant. The facility holds a long term Power Purchase Agreement (PPA) for 195 MW (net) with Rajasthan discoms via PTC India, and provides 5% power to the Chhattisgarh discom. The remaining capacity is sold through the merchant market.

The transaction values MCCPL at an Enterprise Value of Rs. 1,410 crores, subject to customary closing adjustments as detailed in the definitive agreement. An estimated FY26 EBITDA for the acquired asset stands at approximately ₹279 crore, offering potential benefits in terms of cost optimization and operational synergies, particularly given its proximity to JSW Energy’s Mahanadi thermal plant.

This inorganic opportunity aligns with JSW Energy's disciplined 'Build vs. Buy' strategy, strengthening both the company's cash flows and its overall thermal portfolio resilience. The acquisition contributes directly to the company's commitment to expand its thermal generation footprint.

Key Details of Acquisition and Target Entity​

The following table provides a summary of the target entity (MCCPL) and the terms of the agreement:

Operational and Strategic Outlook​

The acquisition reinforces JSW Energy's existing thermal assets. Currently, the company operates 5,658 MW of installed thermal capacity, with an additional 3,200 MW under construction at its Salboni Thermal Power Plant and a pipeline expansion of 1,800 MW planned for Mahanadi.

Post closure, JSW Energy's total installed and locked in thermal capacity is set to reach 5,958 MW and 10,958 MW, respectively. The company aims to achieve 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030, supporting its broader goal of carbon neutrality by 2050.

The transaction is subject to the fulfillment of necessary regulatory approvals, which include approval from the Government of Chhattisgarh for the transfer of CSIDC land and approval from existing lenders. The acquisition has a Long Stop Date set for July 31, 2026.

JSWENERGY Stock Price Movement​

On Friday, shares of JSW Energy Limited rallied, closing at ₹559.35 after gaining 1.35% in trading. The equity saw strong interest through the session, with over 2.73 million shares recorded in the total traded volume.