JSW Energy Share Price Surges; To Acquire 300 MW Thermal Power Plant in Chhattisgarh for ₹1,410 Crore

JSW Energy Limited has signed a definitive agreement to acquire 100% equity shares of Maruti Clean Coal & Power Limited (MCCPL), which owns and operates a 300 MW thermal power plant in Chhattisgarh. 

The acquisition is subject to regulatory approvals and completion of customary conditions under the agreement.  

JSW Energy to Acquire Maruti Clean Coal & Power 

The company has entered into an agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited to acquire MCCPL. 

Upon completion of the transaction, MCCPL will become a wholly owned subsidiary of JSW Energy.  

Deal Valued At ₹1,410 Crore 

According to the company's disclosure, the transaction values MCCPL at an enterprise value of approximately ₹1,410 crore, subject to customary closing adjustments. 

The acquisition will be completed through a cash consideration structure.  

MCCPL owns and operates a 300 MW thermal power plant located in Korba, Chhattisgarh. The company reported unaudited revenue from operations of ₹787 crore during FY26.  

Asset Supports Capacity Expansion Plans 

JSW Energy stated that the acquisition aligns with its objective of reaching 30 GW generation capacity by 2030. 

The addition of the operating thermal asset is expected to strengthen the company's thermal power portfolio and support its long-term expansion strategy.  

Long-Term Power Purchase Agreements in Place 

The acquired plant has a long-term power purchase agreement for 195 MW with Rajasthan discoms through PTC India, with a residual life of around 14 years. 

Coal requirements for the plant are supported through a long-term fuel supply agreement with SECL and linkage under the SHAKTI scheme.  

Read More: Stocks to Watch on June 15, 2026: Reliance Industries, JSW Energy, Dr Reddy’s, NLC India, KIMS, Power Grid and More! 

JSW Energy Share Price Performance 

As of 15 June 2026, at 11:40 AM, JSW Energy share price was trading at ₹566.55 per share, reflecting a surge of 1.38% from the previous close. 

Conclusion 

The acquisition of Maruti Clean Coal & Power Limited will add a 300 MW thermal power asset to JSW Energy's portfolio. The ₹1,410 crore transaction supports the company's capacity expansion plans and is subject to regulatory approvals and customary closing conditions.  

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