JSW Energy Ltd.

JSW Energy’s wholly-owned subsidiary -- JSW Neo Energy has entered into a Share Purchase Agreement and acquired 100% shares of Virya Infrapower. Consequent to the above, Virya Infrapower has become a step-down subsidiary of the company. 

The acquisition provides opportunity to acquire a ready renewable power site with necessary infrastructure to achieve accelerated project development. The transaction is for an Enterprise Value of Rs 7.54 crore, subject to post-closing adjustments in the manner set out in the Share Purchase Agreement.

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.