JSW Energy Signs ₹150 Crore Deal to Raise Stake in Toshiba JSW Power Systems

JSW Energy has signed definitive agreements to acquire an additional equity stake in Toshiba JSW Power Systems Private Limited (TJPS) from Toshiba Corporation, as per an exchange filing. The acquisition will be completed through a secondary purchase of shares for a cash consideration of ₹150 crore.  

Following the transaction, JSW Energy’s stake in TJPS will increase to 20.7% on a non-diluted basis from 4.6%. On a fully diluted basis, the holding will rise to 10.7% from 2.4%.  

The company said the transaction is expected to close on or before 15 June 2026, subject to conditions under the agreements.  

Thermal Capacity Plans 

JSW Energy said the acquisition is linked to its planned thermal power expansion. The company currently operates 5,658 MW of installed thermal capacity and is building another 3,200 MW at its Salboni thermal power project. It also has an expansion option of 1,800 MW at Mahanadi.  

This takes its total locked-in thermal capacity to 10,658 MW. JSW Energy has set a target of reaching 30 GW generation capacity by 2030.  

TJPS Operations and Financials 

TJPS was incorporated in September 2008 as a joint venture between Toshiba Corporation, JSW Steel, and JSW Energy.  

The company is engaged in the engineering, manufacturing, marketing, and maintenance of steam turbine generators used in thermal power plants. Its products cater to plants with capacities ranging from 500 MW to 1,000 MW.  

The company operates a manufacturing facility in Chennai for supercritical and ultra-supercritical turbine generators.  

TJPS reported provisional revenue from operations of ₹339.3 crore in FY26, compared with ₹368.4 crore in FY25 and ₹411.7 crore in FY24.  

Read More: JSW Energy Q4 FY26 Results: PAT Drops Nearly 5% YoY, Company Declares ₹2 Dividend! 

JSW Energy Share Price Performance  

As of May 20, 2026, 2:09 pm, JSW Energy Ltd share price was trading at ₹535.80, up 0.50% from the previous closing price. 

Conclusion 

With this acquisition, JSW Energy will increase its ownership in TJPS, which manufactures steam turbine generators for thermal power plants. The company continues to add thermal and renewable capacity projects. 

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