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JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant

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Synopsis:

JSW Energy received a letter of intent for KSK Mahanadi Power’s 3,600 MW thermal plant. Currently, 1,800 MW is operational, with another 1,800 MW under construction. JSW Energy’s total locked-in generation capacity now stands at 28.2 GW.

JSW Energy news today

JSW Energy Ltd has received a letter of intent (LoI) for KSK Mahanadi Power Company Ltd’s (KMPCL) 3,600 MW thermal power plant. This acquisition is part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. The transaction is subject to regulatory approvals, including those from the National Company Law Tribunal (NCLT) and the Competition Commission of India.

Also read: ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems

JSW ENERGY LIMITED

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547.8530.09 (5.81 %)

Updated - 14 January 2025
555.55day high
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526.00day low
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7595937
VOLUME (BSE)

Key Takeaways

  • Capacity Details: The plant has an installed capacity of 3,600 MW, with 1,800 MW operational and 1,800 MW under construction.

  • Power Agreements: 95% of the operational capacity is tied up under long- and medium-term power purchase agreements (PPAs).

  • Strategic Advantage: Located near a coal block with firm water and coal transportation arrangements.

  • Total Generation Capacity: JSW Energy’s locked-in generation capacity now stands at 28.2 GW.

Also read: BEL secures new orders worth Rs 561 crore, boosting FY25 order book

Capacity Breakdown Of KSK Mahanadi Power Plant

Capacity Details

MW

Status

Operational

1,800

95% tied under PPAs

Under Construction

1,800

Includes one 40% complete unit

Total Capacity

3,600

 

Impact On JSW Energy Ltd Share Price

The acquisition positions JSW Energy as a major player in thermal energy. The company’s locked-in thermal capacity now reaches 7.5 GW, contributing to its ambitious growth targets. Despite this development, JSW Energy Ltd share price ended at ₹518.05, marking a 3.94% decline.

With this acquisition, JSW Energy strengthens its position in the thermal power sector. The company’s focus on expanding its generation capacity aligns with its long-term growth objectives, enhancing its overall portfolio. This may positively influence JSW Energy Ltd share price in the future.

Also read: HCL Tech expands partnership with Microsoft to transform contact centres

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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