JSW Neo Energy to acquire 150 MW Tidong hydro project

Acquisition announcedStrategic Transactions View source PDF Explain this filing

JSWENERGY · price

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

+1.5%Reaction day

₹538.00

prior close

₹551.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.0%+1.5% vs market

Power Generation peers, median of 26sector+0.5%+1.0% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Midcap 150 and 1.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+1.5+0.0+1.5+0.5+1.0

Next day

+1.1-0.6+1.7+0.4+0.7

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15d

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-11.3+1.1-12.5-14.5+3.2

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Energy's wholly owned subsidiary JSW Neo Energy will buy 100% of Tidong Power Generation for cash at an enterprise value of INR 1,728 crore. Tidong is building a 150 MW run-of-river hydro plant in Himachal Pradesh, targeted for commissioning in October 2026. Completion is expected by January 15, 2026, subject to regulatory and lender approvals. The deal lifts JSW Energy's locked-in generation capacity to 30.5 GW.

Likely market impact

Adds 150 MW of hydro capacity and supports JSW Energy's renewable growth target, but completion and commissioning remain subject to execution risk.