JSW Energy Receives Intent to Acquire 3.6 GW KSK Mahanadi Plant
COAL & MINING

JSW Energy Receives Intent to Acquire 3.6 GW KSK Mahanadi Plant

JSW Energy announced its successful bid to acquire KSK Mahanadi Power Company (KMPCL), which operates 3,600 MW thermal power plants, as part of insolvency proceedings. The acquisition, approved by the Committee of Creditors, is subject to regulatory clearances from the National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI), the company revealed.

The company stated that it had received a Letter of Intent (LoI) from the Resolution Professional for its resolution plan under the corporate insolvency resolution process, as outlined by the Insolvency and Bankruptcy Code, 2016.

KMPCL, based in Chhattisgarh, currently operates 1,800 MW (600 MW x 3 units) of its total capacity under long- and medium-term power purchase agreements. The remaining 1,800 MW capacity is under construction, with one 600 MW unit nearing 40 per cent completion, and preparatory work in place for the remaining 1,200 MW.

The plant has secured water and coal transportation arrangements for its full capacity of 3,600 MW.

Following this acquisition, JSW Energy's locked-in thermal generation capacity now stands at 7.5 GW, while its total generation capacity reaches 28.2 GW. This development brings the company closer to achieving its 20 GW capacity target well before the 2030 deadline.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, remarked that the acquisition strategically positions the company to address the nation’s growing energy needs by leveraging a diversified energy mix comprising both conventional and renewable sources.

JSW Energy announced its successful bid to acquire KSK Mahanadi Power Company (KMPCL), which operates 3,600 MW thermal power plants, as part of insolvency proceedings. The acquisition, approved by the Committee of Creditors, is subject to regulatory clearances from the National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI), the company revealed. The company stated that it had received a Letter of Intent (LoI) from the Resolution Professional for its resolution plan under the corporate insolvency resolution process, as outlined by the Insolvency and Bankruptcy Code, 2016. KMPCL, based in Chhattisgarh, currently operates 1,800 MW (600 MW x 3 units) of its total capacity under long- and medium-term power purchase agreements. The remaining 1,800 MW capacity is under construction, with one 600 MW unit nearing 40 per cent completion, and preparatory work in place for the remaining 1,200 MW. The plant has secured water and coal transportation arrangements for its full capacity of 3,600 MW. Following this acquisition, JSW Energy's locked-in thermal generation capacity now stands at 7.5 GW, while its total generation capacity reaches 28.2 GW. This development brings the company closer to achieving its 20 GW capacity target well before the 2030 deadline. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, remarked that the acquisition strategically positions the company to address the nation’s growing energy needs by leveraging a diversified energy mix comprising both conventional and renewable sources.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?