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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..