JSW Energy Completes 300 MW Maruti Clean Coal Acquisition
JSW Energy Limited has successfully completed the acquisition of 100% equity shares of Maruti Clean Coal and Power Limited (MCCPL), which operates a 300 MW thermal power project in Chhattisgarh. MCCPL is now a wholly-owned subsidiary. This acquisition increases JSW Energy's operational capacity to 14.8 GW. The acquired plant has a long-term PPA for 195 MW with Rajasthan discoms and sells remaining capacity in the merchant market. The transaction valued MCCPL at an Enterprise Value of ₹1,410 crore, with FY26 EBITDA of ~₹279 crore. The company expects the acquisition to be EBITDA and PAT-accretive, reduce net leverage, and strengthen its balance sheet. JSW Energy aims for 30 GW capacity by 2030 and carbon neutrality by 2050.
Key Highlights
- JSW Energy acquires 100% of 300 MW thermal power plant from MCCPL.
- Operational capacity increases to 14.8 GW post-acquisition.
- Transaction valued at ₹1,410 crore Enterprise Value.
- Acquisition is EBITDA and PAT-accretive, reducing net leverage.
- Company targets 30 GW capacity by 2030.
Price Impact
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