JSW Energy Limited has signed a definitive agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited to acquire 100% equity shares of Maruti Clean Coal and Power Limited (MCCPL). The cash transaction values MCCPL at an enterprise value of Rs 1,410 crore, subject to customary closing adjustments.
MCCPL owns and operates a 300 MW thermal power plant at Korba, Chhattisgarh. The plant has a long-term power purchase agreement of 195 MW with Rajasthan discoms through PTC India, with a residual PPA life of about 14 years. Coal is secured through a long-term fuel supply agreement with SECL under the SHAKTI scheme.
MCCPL reported revenue from operations of Rs 787 crore in FY 2025-26, Rs 754 crore in FY 2024-25, and Rs 789 crore in FY 2023-24. The asset's estimated EBITDA for FY 2025-26 was approximately Rs 279 crore.
JSW Energy currently operates an installed thermal capacity of 5,658 MW. The company has 3,200 MW under construction at its Salboni thermal power plant and a pipeline of 1,800 MW for brownfield expansion at Mahanadi. Post closure, the company's total installed and locked-in thermal capacity will reach 5,958 MW and 10,958 MW respectively.
The acquisition supports JSW Energy's target of reaching 30 GW of generation capacity by FY 2030. The company's current total locked-in generation capacity stands at 32.1 GW, comprising 13.9 GW operational and 13.6 GW under construction across thermal, hydro, and renewables.
The transaction has a long stop date of July 31, 2026, and requires regulatory approvals including clearance from the Government of Chhattisgarh for transfer of CSIDC land and approval from existing lenders. Upon completion, MCCPL will become a wholly-owned subsidiary of JSW Energy Limited.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.