Acquisition of additional equity shares of Toshiba JSW Power Systems Private Limited from Toshiba Corporation

JSW Energy has executed definitive agreements to acquire additional equity stake in Toshiba JSW Power Systems Private Limited (TJPS) through secondary purchase from Toshiba Corporation, Japan. The company will increase its holding to 20.7% on non-diluted basis (from 4.6%) and 10.7% on fully diluted basis (from 2.4%). The total cash consideration is Rs. 150 crores for approximately 34.69 crore equity shares. TJPS is a joint venture engaged in manufacturing mid-to-large scale supercritical steam turbines and generators (500-1,000 MW) for thermal power plants. The company cited supply chain resilience and support for its thermal capacity expansion as key objectives, with plans to reach 10,658 MW thermal capacity by FY 2030. The transaction is expected to complete by June 15, 2026.