CCI approves acquisition of Mytrah Energy by JSW Neo Energy

03 Oct 2022 CW Team

The Competition Commission of India (CCI) has approved the acquisition of the share capital of 18 subsidiaries of Mytrah Energy (India) by JSW Neo Energy under Section 31(1) of the Competition Act, 2002, as per the press release. The proposed combination pertains to the acquisition of the shareholding of 18 subsidiaries of Mytrah Energy through individual share purchase agreements by JSW Neo Energy. Th gives Mytrah Energy an opportunity to acquire an operational, renewable portfolio of 1,753 MW. The acquirer, JSW Neo Energy, is a wholly owned subsidiary of JSW Energy (JEL) and was incorporated as per JEL’s proposed reorganisation of its energy business into grey (thermal) and green (renewable). Currently, JSW Neo Energy is engaged in power generation through renewable sources of energy such as hydro and solar.

Also read:
GE Renewable Energy to supply turbines to Continuum Green
NDMC unveils draft solar policy 2022

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..