Acquisition of Maruti Clean Coal and Power Limited by the Company
M&A
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MEDIUM RISK
📅 Filed on BSE: 13 Jun 2026, 10:45 AM IST · BSE ID: b3889b45-0281-4ffb-b6a9-0aa4b6212742
View Original BSE Filing (PDF)
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In Simple Terms
JSW Energy is buying a 300 MW thermal power plant in Chhattisgarh for Rs. 1,410 crores, aiming to expand its capacity.
🤖 AI Summary
- JSW Energy signed a definitive agreement to acquire 100% equity shares of Maruti Clean Coal and Power Limited (MCCPL).
- The acquisition is for an enterprise value of Rs. 1,410 crores, adjusted for cash consideration.
- MCCPL owns and operates a 300 MW thermal power project in Chhattisgarh.
- The transaction supports JSW Energy's target to reach 30 GW capacity by FY 2030.
- Completion is subject to regulatory approvals and customary conditions, with a Long Stop Date of July 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Enterprise Value of Acquisition
Rs. 1,410 crores
Capacity of Acquired Plant
300 MW
MCCPL Revenue FY 2025-26 (unaudited)
Rs. 787 crores
MCCPL Revenue FY 2024-25 (audited)
Rs. 754 crores
MCCPL Revenue FY 2023-24 (audited)
Rs. 789 crores
🏢 How This Affects the Company
This acquisition adds a 300 MW thermal power project, supporting JSW Energy's stated goal of reaching 30 GW capacity by FY 2030.
The transaction involves a cash consideration for an enterprise value of Rs. 1,410 crores, adjusted for cash, impacting the company's capital allocation.
The company will gain a 300 MW operational thermal power plant in Chhattisgarh, expanding its power generation assets.
The acquisition is subject to governmental and lender approvals, introducing execution risk until the Long Stop Date of July 31, 2026.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders as the acquisition is subject to regulatory approvals.
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Who Is Affected
Shareholders are indirectly affected by the company's strategic expansion, which involves a Rs. 1,410 crores cash consideration for a 300 MW power asset.
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Management Signal
The decision indicates management's commitment to achieving its long-term capacity expansion target of 30 GW by FY 2030 through strategic acquisitions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Announcement of receipt of required regulatory approvals for the acquisition.
Confirmation of transaction completion by the Long Stop Date of July 31, 2026.
Future updates on JSW Energy's progress towards 30 GW capacity target.
MEDIUM RISK
The acquisition is subject to governmental and lender approvals, introducing execution risk.
💡 Investor Takeaway
JSW Energy agreed to acquire 100% equity shares of Maruti Clean Coal and Power Limited for an enterprise value of Rs. 1,410 crores, adjusted for cash. This adds a 300 MW thermal power project to support its 30 GW capacity target by FY 2030.
⚖️ Strengths & Concerns
✅ Positives
- Adds 300 MW thermal power capacity, aiding JSW Energy's target to reach 30 GW capacity by FY 2030.
- MCCPL generated Rs. 787 crores in revenue from operations for FY 2025-26 (unaudited).
⚠️ Concerns
- The acquisition is subject to multiple approvals, including from the Government of Chhattisgarh and existing lenders.
- Transaction involves a cash consideration of Rs. 1,410 crores, representing a significant capital deployment.
📅 Company Track Record
JSW Energy has been actively expanding its portfolio, with previous filings noting the exercise of a call option to acquire the remaining 26% of JSW Mahanadi Power in April 2026 and the completion of the Rs. 700.10 crores acquisition of Raigarh Champa Rail Infrastructure in March 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the enterprise value of JSW Energy's acquisition of Maruti Clean Coal and Power Limited?
JSW Energy agreed to acquire Maruti Clean Coal and Power Limited for an enterprise value of Rs. 1,410 crores, adjusted for cash.
What is the capacity of the thermal power plant being acquired by JSW Energy?
The acquired entity, Maruti Clean Coal and Power Limited, owns and operates a 300 MW thermal power project in Chhattisgarh.
What was the revenue from operations of Maruti Clean Coal and Power Limited in FY 2025-26?
Maruti Clean Coal and Power Limited reported unaudited revenue from operations of Rs. 787 crores for FY 2025-26.
When is the expected completion date for JSW Energy's acquisition of MCCPL?
The transaction for JSW Energy's acquisition of MCCPL has a Long Stop Date of July 31, 2026, subject to fulfillment of conditions precedent.
Questions based on this BSE filing only. For information purposes.