JSW Energy Acquires GE Boiler Unit, Boosts Hydro Capacity

23 Sep 2025 CW Team

Under the deal, GEPIL will demerge its Durgapur boiler manufacturing facility to JSW Energy via a share-swap arrangement. JSW Energy will issue 10 equity shares for every 139 shares held by GEPIL shareholders, with the scheme’s appointed date set as 1 July 2025.

JSW Energy said the demerger will enable vertical integration, reduce dependency on third-party suppliers, achieve economies of scale, and improve control over critical components. The move is expected to enhance cost efficiency and support the company’s future thermal projects, aligning with its long-term energy portfolio expansion strategy.

Analysts have reacted positively. Jefferies has a Buy call on JSW Energy, noting management anticipates 4.4–4.9 GW of capacity addition in FY26, compared with estimates of 3.1 GW. Morgan Stanley has an Overweight rating with a target price of Rs 659 per share. Shares of JSW Energy were up 1.5 per cent in early trade on 19 September.

In a separate development, JSW Neo Energy, a wholly owned subsidiary of JSW Energy, is acquiring Tidong Power Generation from Statkraft IH Holding. The hydro project under construction has a capacity of 150 MW and is valued at Rs 1,728 crore. The acquisition, expected to be completed by 15 January 2026, will support JSW Energy’s renewable capacity target of 30 GW by FY30.

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said: “This acquisition strengthens our position as the largest private hydro power player in India and reinforces our commitment to the country’s power sector. We are confident of completing construction in a timely manner.” The project will become JSW Energy’s fourth hydro asset in Himachal Pradesh, significantly enhancing its hydropower portfolio.

India’s total installed power capacity has reached 485 GW, with 19.9 GW added in Q1 FY26 alone. Non-fossil fuel capacity now stands at 243 GW, achieving India’s Paris Agreement target five years ahead of schedule. JSW Energy noted a trend of state distribution companies increasingly bidding for thermal power, expected to continue in FY26.

JSW Energy, the holding company of JSW Group's power business, will acquire the boiler manufacturing unit of GE Power India (GEPIL) through a strategic demerger to strengthen its thermal power operations, the company said in an exchange filing. The announcement on September 19 pushed JSW Energy shares modestly higher in a weak market.Under the deal, GEPIL will demerge its Durgapur boiler manufacturing facility to JSW Energy via a share-swap arrangement. JSW Energy will issue 10 equity shares for every 139 shares held by GEPIL shareholders, with the scheme’s appointed date set as 1 July 2025.JSW Energy said the demerger will enable vertical integration, reduce dependency on third-party suppliers, achieve economies of scale, and improve control over critical components. The move is expected to enhance cost efficiency and support the company’s future thermal projects, aligning with its long-term energy portfolio expansion strategy.Analysts have reacted positively. Jefferies has a Buy call on JSW Energy, noting management anticipates 4.4–4.9 GW of capacity addition in FY26, compared with estimates of 3.1 GW. Morgan Stanley has an Overweight rating with a target price of Rs 659 per share. Shares of JSW Energy were up 1.5 per cent in early trade on 19 September.In a separate development, JSW Neo Energy, a wholly owned subsidiary of JSW Energy, is acquiring Tidong Power Generation from Statkraft IH Holding. The hydro project under construction has a capacity of 150 MW and is valued at Rs 1,728 crore. The acquisition, expected to be completed by 15 January 2026, will support JSW Energy’s renewable capacity target of 30 GW by FY30.Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said: “This acquisition strengthens our position as the largest private hydro power player in India and reinforces our commitment to the country’s power sector. We are confident of completing construction in a timely manner.” The project will become JSW Energy’s fourth hydro asset in Himachal Pradesh, significantly enhancing its hydropower portfolio.India’s total installed power capacity has reached 485 GW, with 19.9 GW added in Q1 FY26 alone. Non-fossil fuel capacity now stands at 243 GW, achieving India’s Paris Agreement target five years ahead of schedule. JSW Energy noted a trend of state distribution companies increasingly bidding for thermal power, expected to continue in FY26.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..