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JSW Energy acquires Maruti Clean Coal & Power for 300 MW thermal plant expansion

28-Oct-26 16:43 Hrs IST

JSW Energy Ltd., part of the JSW Group, reported strong financial performance in the second quarter of fiscal year 2027, with total revenue increasing 24% year-over-year to Rs 6,658 crore and profit after tax rising 38% to Rs 1,141 crore. The company’s power sales were up 17% to 17.5 billion units, driven by increased thermal and renewable generation. JSW Energy is pursuing a strategic expansion, aiming for 30 gigawatts of power generation capacity and 40 gigawatt-hours of energy storage by 2030, and recently acquired Maruti Clean Coal & Power Limited and entered a joint venture for a 920-megawatt hydroelectric project in Bhutan. The National Company Law Tribunal has also sanctioned a scheme of arrangement to merge GE Power India Limited’s boiler business into JSW Energy, bolstering in-house manufacturing capabilities.

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