JSW Energy Ltd.

JSW Energy has signed Share Purchase Agreement with GMR Energy (GEL), pursuant to which the company shall acquire 100% stake in GMR Kamalanga Energy (GKEL), for a total consideration of an amount up to Rs 5,321 crore. Earlier, JSW Energy had entered into exclusive discussions with GEL for potential acquisition of its subsidiary, GKEL, which owns and operates a 1,050 MW (3x350 MW) thermal power plant in Odisha.

Post-acquisition, the total installed power generation capacity of the company will increase to 5,609 MW. This will expand the company's presence in the Eastern Region of the country and further diversify its fuel mix and offtake arrangements.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.