JSW Energy Shares Dip 3.7% Despite NCLT Approval for KSK Mahanadi Acquisition

JSW Energy (JSWE.NS) shares fell 3.7% in early trade on Monday, February 17, 2025, despite the National Company Law Tribunal (NCLT) approving its ₹16,084 crore resolution plan for KSK Mahanadi Power Company. The acquisition will add 3,600 MW thermal capacity to JSW Energy's portfolio, increasing its locked-in thermal generation to 7.5 GW. The deal involves an upfront cash recovery of ₹16,000 crore for financial creditors, about half their claim, plus a 26% stake in the company. Despite the strategic expansion, investors seem cautious about the substantial investment amid broader market volatility.

 

Sources: Economic Times, Business Standard, Times of Indi