JSW Energy Limited has signed a definitive agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited, to acquire 100% equity shares of Maruti Clean Coal & Power Limited (MCCPL). The transaction is subject to receipt of the necessary regulatory and customary approvals under the definitive agreements. Upon consummation of the transaction, MCCPL, which owns and operates a 300 MW thermal power plant at Korba, Chhattisgarh, will become a wholly-owned subsidiary of the company.
Commenting on the development, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said, “This acquisition reflects our disciplined ‘Build vs. Buy’ approach, where we pursue calibrated value accretive inorganic opportunities.
