JSW Neo Energy to Acquire 150 MW Himachal Hydro Project

23 Sep 2025 CW Team

JSW Energy’s subsidiary, JSW Neo Energy, has announced plans to acquire 100 per cent equity in Tidong Power Generation Private Limited (TPGPL). In a regulatory filing on Thursday, the company stated that it has signed a definitive agreement with Statkraft IH Holding AS for the acquisition, at an enterprise value of Rs 17.28 billion. Tidong Power Generation is developing a 150 MW hydroelectric project in Himachal Pradesh.

The transaction is subject to customary closing adjustments and is expected to be completed by 15 January 2026, once necessary approvals are obtained. These include clearance from the Government of Himachal Pradesh for change in controlling shareholding and approvals from lenders. Following completion, TPGPL will become a subsidiary of JSW Neo Energy and a step-down subsidiary of JSW Energy.

JSW Energy aims to achieve 30 GW of generation capacity and 40 GWh of storage by FY30, with renewables comprising 70 per cent of its portfolio. The company stated that the acquisition would support its renewable-led capacity growth target.

Tidong Power Generation, incorporated in 2008, reported revenues of Rs 366 million in FY23, Rs 371 million in FY24, and Rs 390 million in FY25 (unaudited). JSW Energy’s share price has risen 2.84 per cent over the past month.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..