JSW Energy Limited has informed the Exchange about acquisition of additional equity shares of Toshiba JSW Power Systems Private Limited from Toshiba Corporation

JSW Energy Limited has entered into a definitive agreement to acquire additional equity shares in Toshiba JSW Power Systems Private Limited (TJPS) through a secondary purchase from Toshiba Corporation, Japan. The total cash consideration is Rs. 150 crores for about 34.69 crore equity shares. Post-acquisition, JSW Energy's stake in TJPS will increase significantly from 4.6% to 20.7% on a non-diluted basis and from 2.4% to 10.7% on a fully diluted basis. TJPS is a joint venture engaged in manufacturing mid-to-large scale steam turbines and generators (500-1,000 MW) for thermal power plants, with a Chennai-based manufacturing facility. The transaction is expected to complete by June 15, 2026. This acquisition supports JSW Energy's goal to reach 30 GW capacity by FY 2030, with thermal capacity expected to rise to 10,658 MW, by strengthening its supply chain for critical thermal equipment.