Synopsis: JSW Energy Limited has exercised its call option to acquire the remaining 26% equity stake in JSW Mahanadi Power Company Limited (JMPCL) from financial creditors. This move, following its initial 74% acquisition in 2025, allows JSW Energy to consolidate full ownership of the 3,600 MW thermal asset, streamlining operations and securing 100% of future cash flows.
JSW Energy Limited has exercised its call option to gain the remaining 26 percent equity interest in JSW Mahanadi Power Company Limited (JMPCL). On April 9, 2026, the company notified former financial creditors of the company through IDBI Trusteeship Services to purchase the balance holding to shift towards complete ownership of the thermal asset Odisha-based.
The 3,600 MW project formerly KSK Mahanadi was initially brought into the JSW fold in March 2025 following a successful NCLT resolution plan where JSW acquired a 74% controlling interest. The full consolidation will stream operations decision-making and make sure that one hundred percent of the cash flows are realized to JSW energy.
JSW Energy stock reacted well to the news, rising 1.00 percent to Rs 494.90 on the NSE at 11:10 AM IST today. The stock started on a high note of Rs 494.90 and hit an intraday high of 498.00. The trading is at equilibrium where a deliverable amount is at around 47.96, which shows that there is consistent investor confidence as the company takes to cement its mass-scale thermal portfolio.
Company Overview
JSW Energy Limited is a Mumbai-headquartered power generation company and part of the O.P. Jindal Group, with a diversified portfolio spanning thermal, hydro, and renewable energy assets across India.
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