Acquisitions4 Aug 2025, 09:11 pm
JSW Energy Acquires Majority Stake in KSK Water Infrastructures for Rs. 962 Crores
AI Summary
JSW Energy Limited has completed the acquisition of a majority stake in KSK Water Infrastructures Private Limited under the Settlement Plan approved by the Committee of Creditors and the Hon’ble National Company Law Tribunal. The acquisition of a majority stake in KWIPL will enable operational control and efficiency in managing water supply to the KSK Thermal Plant for the entire 3,600 MW capacity, enhancing reliability and reducing dependency risks for this critical input. The Company has paid a settlement amount of Rs. 962 Crores to the Lenders of KWIPL.
Key Highlights
- JSW Energy acquires 51% equity stake in KSK Water Infrastructures Private Limited
- The acquisition will ensure better efficiency and control on water supply to KSK Mahanadi Power Company Limited
- KSK Water Infrastructures owns and operates a dedicated water intake and transportation infrastructure
- The settlement amount of Rs. 962 Crores has been paid to the Lenders of KWIPL
- JSW Energy aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030