JSW Energy Receives Intent to Acquire 3.6 GW KSK Mahanadi Plant

14 Jan 2025 CW Team

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.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..