India's JSW Energy rises after competition regulator approves acquisition

JSW ENERGY

05/03/2025 09:22

** Thermal and renewable power provider JSW Energy JSWE.NS up 5.38% at 507.1 rupees

** Competition Commission of India approves co's acquisition of KSK Mahanadi Power Company (KPMCL)

** KPMCL owns a 3600 MW thermal power plant in Chhattisgarh state, of which units producing 1800 MW are operational and the remaining under construction

** Acquisition to take JSWE's total locked-in thermal generation capacity to 7.5 GW, accelerating expansion ahead of target, co has said

** With session's gains, stock now largely flat in the last 12 months

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))