JSW Energy Increases TJPS Stake to 20.7% for ₹150 Cr

JSW Energy Limited has completed the acquisition of additional equity shares in Toshiba JSW Power Systems Private Limited (TJPS) from Toshiba Corporation for a cash consideration of ₹150 Cr. This secondary purchase increases JSW Energy's non-diluted shareholding in TJPS to 20.7% from 4.6%, and fully diluted shareholding to 10.7% from 2.4%. TJPS operates a manufacturing facility for steam turbine generators up to 1,000 MW. The acquisition is strategic, aiming to strengthen JSW Energy's access to critical equipment, enhance supply chain resilience, and support its thermal capacity expansion plans. The company has already placed orders for 1,600 MW of turbine-generators with TJPS.