We refer to our earlier intimation dated 13th June 2026 regarding the signing of definitive agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited to acquire ....
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 07 Aug 2026, 10:38 AM IST · BSE ID: 20075716-245f-4f71-b595-5b2c6b33aed9
View Original BSE Filing (PDF)
💡
In Simple Terms
JSW Energy finalized buying Maruti Clean Coal & Power for ₹1,410 crore, adding a 300 MW power plant.
🤖 AI Summary
- JSW Energy completed the acquisition of 100% equity shares of Maruti Clean Coal and Power Limited (MCCPL).
- MCCPL owns and operates a 300 MW thermal power project in Korba, Chhattisgarh.
- The transaction valued MCCPL at an Enterprise Value of ₹1,410 crore.
- This acquisition increases JSW Energy's total operational installed capacity to 14.8 GW (14,835 MW).
- MCCPL reported an EBITDA of ~₹279 crore for FY26.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Acquisition Value (Enterprise Value)
₹1,410 crore
Total Installed Capacity Post-Acquisition
14.8 GW (14,835 MW)
MCCPL FY26 EBITDA
~₹279 crore
🏢 How This Affects the Company
The company's overall operating capacity increased by 300 MW, establishing the total installed capacity at 14.8 GW (14,835 MW). This acquisition enhances JSW Energy's thermal footprint and generation portfolio.
The acquired asset's FY26 EBITDA stood at ~₹279 crore, contributing immediately to the company's EBITDA and PAT. The transaction also reduces the company's net leverage and strengthens its balance sheet resilience.
The acquisition integrates a 300 MW thermal power plant with a long-term PPA into JSW Energy's operations. The plant's proximity to JSW Energy's Mahanadi facility creates potential for optimizing logistics and O&M costs.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this acquisition update.
👤
Who Is Affected
Existing shareholders are affected as the company's asset base and operational capacity have increased by 300 MW, potentially impacting future earnings due to the acquired asset's ₹279 crore FY26 EBITDA.
🔍
Management Signal
The completion of this acquisition signals management's intent to pursue disciplined, value-accretive growth and consolidate its position in the Indian power sector.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next quarterly results — evaluate MCCPL's financial contribution to JSW Energy.
Updates on optimization of logistics and O&M costs for MCCPL.
Progress on other pipeline projects to reach 30 GW target by 2030.
LOW RISK
This filing reports the completion of a previously announced acquisition, with no new risks introduced.
💡 Investor Takeaway
JSW Energy completed the acquisition of 100% equity in Maruti Clean Coal and Power Limited for an Enterprise Value of ₹1,410 crore. This adds a 300 MW thermal power project, increasing JSW Energy's operational capacity to 14,835 MW. MCCPL's FY26 EBITDA was ~₹279 crore, making the asset EBITDA and PAT-accretive from day one.
⚖️ Strengths & Concerns
✅ Positives
- Increases JSW Energy's total operational installed capacity by 300 MW to 14,835 MW, expanding its generation portfolio.
- MCCPL's FY26 EBITDA of ~₹279 crore makes the acquisition immediately accretive to EBITDA and PAT.
📅 Company Track Record
JSW Energy previously increased its stake in Toshiba JSW Power Systems to 20.7% for INR 150 Cr on 2026-07-21. On 2026-06-13, the company announced the signing of definitive agreements to acquire Maruti Clean Coal and Power Limited, which has now been completed. JSW Energy also held NCLT meetings in July 2026 for the GE Power India demerger.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total value of JSW Energy's acquisition of Maruti Clean Coal and Power Limited?
JSW Energy completed the acquisition of Maruti Clean Coal and Power Limited (MCCPL) for an Enterprise Value of ₹1,410 crore.
How much additional power generation capacity does JSW Energy gain from this acquisition?
The acquisition adds a 300 MW thermal power project, increasing JSW Energy's total installed operational capacity to 14.8 GW (14,835 MW).
What was Maruti Clean Coal and Power Limited's EBITDA for FY26?
Maruti Clean Coal and Power Limited's (MCCPL) FY26 EBITDA stood at ~₹279 crore.
Where is the acquired thermal power plant located?
The acquired 300 MW thermal power plant of MCCPL is located in Korba, Chhattisgarh.
Questions based on this BSE filing only. For information purposes.