JSW Energy Ltd.

JSW Energy’s wholly-owned subsidiary -- JSW Neo Energy has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs and Hetero Drugs, housed under three SPVs.

The 125 MW portfolio comprises of wind projects located in the states of Andhra Pradesh and Maharashtra and have long term power purchase agreements. The portfolio has a blended tariff of Rs 5.22/KWh and average remaining plant life of around 15 years. The total locked-in capacity of the company stands at 24.7 GW which consists of a diverse fuel mix and offtakers.

The transaction values the Hetero portfolio at an Enterprise Valuation of around Rs 630 crore, excluding net current assets and other adjustments under SPAs (Share Purchase Agreements).

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.