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.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..