The shares of JSW Power Restricted have been buying and selling at ₹491.80 up by ₹23.25 or 4.96 per cent on the NSE as we speak at 2.05 pm.
JSW Power has secured Nationwide Firm Regulation Tribunal (NCLT) approval for the ₹15,990 crore acquisition of KSK Mahanadi Energy Firm (KMPCL), a 3,600 MW coal-fired plant in Chhattisgarh. The deal, which awaits clearance from the Competitors Fee of India (CCI), will considerably enhance JSW Power’s energy technology capability.
The acquisition will enhance JSW Power’s web debt to EBITDA ratio to five.6x in FY26, earlier than bettering to 4.06x in FY27. The corporate will supply lenders a 26 per cent fairness stake, making certain a 90 per cent restoration of excellent claims value ₹29,330 crore. Analysts at Motilal Oswal estimate the online current worth (NPV) of JSW Power’s stake in KMPCL at ₹27 per share, factoring within the 1,800 MW brownfield enlargement.
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Regardless of considerations over rising debt, JSW Power stays optimistic in regards to the challenge’s long-term advantages. The corporate expects income to develop from ₹13,460 crore in FY25 to ₹19,460 crore in FY27, with EBITDA growing from ₹5,790 crore to ₹10,830 crore throughout the identical interval.
Motilal Oswal has reiterated a “BUY” ranking on JSW Power, with a goal value of ₹705 per share, implying a 60 per cent upside from present ranges. Nonetheless, dangers stay, together with price overruns, Energy Buy Settlement (PPA) renewal uncertainties, and contingent liabilities of ₹402 crore associated to KMPCL.
JSW Power’s newest acquisition comes amid robust competitors within the thermal energy sector, with firms like Adani Energy, NTPC, and Jindal Energy additionally bidding for distressed property. The ultimate CCI approval is anticipated by Q1FY26.
