JSW Energy completes acquisition of 150 MW Tidong hydro project

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JSWENERGY · price

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Price reactionminutes from the announcement price · days from the prior close

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₹457.00

prior close

₹458.80

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.0%+0.2% vs market

Power Generation peers, median of 26sector+0.1%+0.1% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 0.1 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

JSW Neo Energy, JSW Energy's wholly-owned subsidiary, has completed acquiring Tidong Power Generation from Statkraft for an enterprise value of about 1,728 crore rupees. Tidong Power is building a 150 MW run-of-river hydro plant in Himachal Pradesh, expected to commission by October 2026. It has a 75 MW PPA with UP Power Corporation at 5.57 rupees per unit. This is JSW Energy's fourth hydro asset in Himachal Pradesh.

Likely market impact

Adds 150 MW hydro capacity, expected to boost EBITDA in FY27 and reinforces JSW's position as India's largest private hydropower player.