JSW Energy Ltd.

JSW Energy has inked pact to acquire 100% equity shares of Maruti Clean Coal & Power (MCCPL), which owns and operates a 300 MW thermal power plant at Korba, Chhattisgarh. The company has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services for the same. MCCPL’s plant has a long-term Power Purchase Agreement (PPA) of 195 MW (net) with Rajasthan discoms, routed through PTC India, with a residual PPA life of around 14 years. In addition, the plant provides 5% power at variable cost to the Chhattisgarh discom, while the balance around 64 MW capacity is sold in the merchant market. Coal is secured through a long-term Fuel Supply Agreement with SECL, and linkage under the SHAKTI scheme.

The transaction values MCCPL at an Enterprise Value of around Rs 1,410 crore. The acquired asset's estimated FY26 EBITDA stood at around Rs 279 crore. This operating asset is EBITDA and PAT-accretive, while also reducing the company's net leverage and strengthening overall balance sheet resilience. Beyond the immediate financial benefits, the asset offers potential upside through optimisation of logistics and O&M costs. Its proximity to the company's Mahanadi thermal plant further unlocks operational synergies, strengthening the company's regional thermal footprint.

The company currently operates an installed thermal capacity of 5,658 MW, with a further 3,200 MW under construction at its Salboni Thermal Power Plant and a pipeline of 1,800 MW for brownfield expansion at Mahanadi. This operating asset acquisition further strengthens the company's installed thermal portfolio. Post closure, the company's total installed and locked-in thermal capacity will reach 5,958 MW and 10,958 MW respectively.

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.