JSW Energy Ltd Subsidiary to Acquire 125 MW Renewable Energy Portfolio from Hetero Group for INR 630 Crores

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Ltd, has agreed to acquire three special purpose vehicles (SPVs) from Hetero Group, holding a renewable energy generation capacity of 125 MW. The transaction is subject to customary approvals and will cost INR 630 crores, with an Enterprise Value subject to net working capital adjustments and other adjustments at the time of closing. The acquisition includes Hetero Wind Power Limited, Hetero Wind Power (Pennar) Private Limited, and Hetero Med Solutions Limited, operating primarily in Andhra Pradesh and Maharashtra, India. The acquisition will help JSW Energy Ltd reach its 10 GW capacity target by FY 2025.