JSW Energy to acquire additional stake in TJPS for ₹150 Cr

JSW Energy Limited has executed definitive agreements to acquire an additional equity stake in Toshiba JSW Power Systems Private Limited (TJPS) from Toshiba Corporation, Japan. The transaction, valued at ₹150 Cr, involves the secondary purchase of approximately 34.69 crore equity shares. This strategic move is aimed at strengthening the company's access to steam turbine generators and enhancing supply chain resilience to support its thermal capacity expansion plans.

Details of the Acquisition

The acquisition will increase JSW Energy 's shareholding in TJPS to 20.7% on a non-diluted basis, up from 4.6%, and to 10.7% on a fully diluted basis, up from 2.4%. The total purchase consideration is ₹150 Cr, and the transaction is expected to be completed on or before June 15, 2026. The company stated that this investment would aid in building thermal plants at one of the lowest capital costs in the industry.

Strategic Rationale and Financials

TJPS is a joint venture engaged in the engineering, manufacturing, marketing, and maintenance of supercritical steam turbines and generators. For the financial year 2025-26, TJPS reported provisional revenue from operations of ₹339.3 crores. The acquisition aligns with JSW Energy's target to reach 30 GW capacity by FY 2030, with thermal capacity expected to rise to 10,658 MW from the current installed capacity of 5,658 MW.

Financial Performance of TJPS

Financial Year Revenue from Operations FY 2025-26 ₹339.3 crores (provisional) FY 2024-25 ₹368.4 crores (audited) FY 2023-24 ₹411.7 crores (audited)

Operational Context

JSW Energy currently operates an installed thermal capacity of 5,658 MW, with an additional 3,200 MW under construction at its Salboni Thermal Power Plant. The company has a total locked-in generation capacity of 32.1 GW, comprising 13.7 GW operational and 13.8 GW under construction across thermal, hydro, and renewables. The company aims to achieve carbon neutrality by 2050.

JSW Energy has announced that it will hold meetings with analysts and institutional investors in May and June 2026. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations.

Meeting Schedule

The company has outlined the schedule for the upcoming interactions. Both events are classified as group meetings and will be conducted in-person in Mumbai.

Date Event Location Type of Meeting 29 May 2026 360 One - TRINITY INDIA 2026 Mumbai Group (In-Person) 3 June 2026 Morgan Stanley India Investment Forum 2026 Mumbai Group (In-Person)

JSW Energy stated that the schedule is subject to change in the event of any exigency. The company's registered office is located at JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.