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Published: December 31, 2024
Updated: December 31, 2024
After buying the KSK Mahanadi project for Rs 16,000 crore, the JSW group has made another big ticket acquisition.
JSW Neo Energy (‘JSW Neo’), a wholly owned subsidiary of JSW Energy, has signed a definitive agreement to acquire a 4,696 MW renewable energy platform from O2 Power Pooling Pte Ltd, a platform jointly established by EQT Infrastructure and Temasek, at an enterprise valuation of approximately Rs 12,468 crore ($ 1.47 billion).
With this, JSW is making an aggressive foray in the power generation sector. In 2024, the group acquired a stake in MG Rover’s India business for an entry into the EV car market.
Currently, the group’s core business of steel manufacturing is facing issues due to China’s cutting of steel prices.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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