JSW Energy Acquires KSK Mahanadi Power Plant for Rs 159.85 Bn

16 Jan 2025 CW Team

JSW Energy has successfully acquired the bankrupt KSK Mahanadi Power Company under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016. The acquisition was finalised after JSW Energy offered Rs 15,985 crore to the company’s financial creditors, outbidding competitors Adani Power and NTPC. KSK Mahanadi, based in Chhattisgarh, operates a 3,600 MW thermal power plant, which uses domestic coal for generation. Currently, 1,800 MW (comprising three 600 MW units) is operational and fully contracted under long- and medium-term power purchase agreements (PPAs). An additional 1,800 MW (three 600 MW units) is under construction, with one unit 40% complete, and preparations are in place for the remaining 1,200 MW. The plant has secure arrangements for coal and water supply for the full 3,600 MW capacity.

KSK Mahanadi entered the debt resolution process in 2020 after defaulting on payments, with claims amounting to Rs 29,330 crore from its lenders. Various banks, including the State Bank of India, transferred their loans to asset reconstruction companies to recover their dues. The plant’s financial troubles were worsened by inadequate coal supplies. Following the acquisition, JSW Energy’s total thermal generation capacity now stands at 7.5 GW, with a total locked-in generation capacity of 28.2 GW. This acquisition places JSW Energy on track to meet its 20 GW target by 2030 and aligns with its commitment to achieving net-zero emissions by 2050.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..