Power generation company acquires 51% stake in KWIPL for Rs 962 crore; Securing critical water infrastructure for 3,600 MW power plant

JSW Energy Limited has successfully completed the acquisition of a majority stake in KSK Water Infrastructures Private Limited (KWIPL) by implementing a Settlement Plan. This follows intimations dated June 23, 2025 and July 25, 2025, concerning the withdrawal of the Corporate Insolvency Resolution Process (CIRP) for KWIPL. The National Company Law Tribunal, Hyderabad Bench, had, via its order dated July 23, 2025, allowed the withdrawal of the application under Section 12A of the Insolvency and Bankruptcy Code, 2016. KWIPL, incorporated on February 26, 2009, provides water infrastructure services to KSK Mahanadi Power Company Limited (KMPCL), which operates a 3,600 MW thermal power plant in Chhattisgarh, with 1,800 MW already operational and the remaining 1,800 MW under development.

The acquisition was carried out at arm's length, with JSW Energy Limited paying a total cash consideration of Rs 962 crore as the settlement amount. This strategic acquisition ensures better efficiency and control over the water supply to KMPCL, which JSW Energy acquired in March 2025. With this transaction, JSW Energy Limited has secured 51 per cent of the equity shares of KWIPL, while KSK Mahanadi Power Company Limited, a subsidiary of JSW Energy, holds the remaining 49 per cent. KWIPL's revenue from operations for the last three fiscal years was Rs 204 crore in FY2023, Rs 36 crore in FY2024 and Rs 30 crore in FY2025.

JSW Energy currently boasts a total locked-in generation capacity of 30.3 GW, comprising 12.8 GW operational, 12.9 GW under construction (across thermal and renewable sources) and a pipeline of 4.6 GW. The company also possesses 29.4 GWh of locked-in energy storage capacity, consisting of 26.4 GWh from hydro pumped storage projects and 3.0 GWh from battery energy storage systems. JSW Energy aims to achieve 30 GW of generation capacity and 40 GWh of energy storage capacity by FY2030, with a long-term goal of achieving Carbon Neutrality by 2050.

About JSW Energy Ltd

JSW Energy Ltd., a prominent private sector power producer in India and part of the USD 23 billion JSW Group, has diversified assets spanning power generation and transmission. The company, which began commercial operations in 2000 with its 2x130 MW thermal power plants in Vijayanagar, Karnataka, has significantly expanded its power generation capacity from 260 MW to 12.5 GW. JSW Energy is actively constructing projects totalling 12.8 GW, with an ambitious vision to reach a total power generation capacity of 30 GW by 2030, supported by strong operations, robust corporate governance and prudent capital allocation strategies.

The company has a market cap of over Rs 93,000 crore and has been maintaining a healthy dividend payout of 20 per cent. As of June 2025, the Life Insurance Corporation of India (LIC) owns a 6.02 per cent stake. The stock is up by 31 per cent from its 52-week low of Rs 419.10 per share.

Disclaimer: The article is for informational purposes only and not investment advice.