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JSW Energy acquires 1,753 MW green assets of MEIPL for over Rs 10,000 crore

 JSW Energy on Wednesday said it has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Private Limited (MEIPL) for over Rs 10,000 crore. "The transaction values the Mytrah Energy portfolio at an enterprise valuation of approximately Rs 10,150 crore after adjusting for net current assets and other adjustments under the share purchase agreements," JSW Energy said in a statement. JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, in a two-step process has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy, it added. The portfolio comprises 1,331 MW of wind capacity and 422 MW (487 MWp DC) of solar capacity operating primarily in the southern, western and central parts of India. The assets have a proven operational track record and long-term PPA with an average remaining life of 17 years. This is the largest acquisition made by JSW Energy since inception and will leapfrog the curr
29-03-2023
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JSW Energy Ltd - 533148 - Acquisition Of The Renewable Energy Portfolio Of Mytrah Energy (India) Private Limited (Mytrah Energy Portfolio) By JSW Neo Energy Limited

 We refer to our earlier intimations dated 10th August, 2022 and 28th March, 2023 regarding the acquisition of a portfolio of 1,753 MW of Renewable Energy generation capacity from Mytrah Energy (India) Private Limited (MEIPL) held in 30 SPVs by JSW Neo Energy Limited (JSWNEL), a wholly-owned subsidiary of the Company. We wish to inform you that JSWNEL has completed the acquisition in a two-step process with the acquisition of 15 SPVs and 13 ancillary SPVs having a total installed capacity of 1,449 MW of renewable energy assets from MEIPL and has infused Optionally Convertible Debentures (OCDs) with a right to convert into equity in the balance 2 SPVs having renewable energy assets of 304 MW and executed binding definitive Forward Sale Agreements for these SPVs. A Press Release in this regard is also attached.
29-03-2023
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JSW Energy Ltd - 533148 - Allocation Of Performance Linked Incentive Under The National Programme On High Efficiency Solar PV Modules

 We wish to inform you that JSW Renewable Technologies Limited ('JSWRTL'), a wholly owned step-down subsidiary of the Company, has been allocated Performance Linked Incentive ('PLI') for the quoted manufacturing capacity of 1 GW (Wafer + Cell + Module) under the National Programme on High Efficiency Solar PV Modules, making JSWRTL eligible for approximately Rs. 320 crores of PLI benefits on the 1 GW capacity allocated under the scheme. The Press Release in this regard is attached.
28-03-2023
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JSW Energy Ltd - 533148 - Announcement under Regulation 30 (LODR)-Acquisition

 We refer to our earlier intimation dated 10th August, 2022 wherein we had informed you that JSW Neo Energy Limited (JSWNEL), a wholly-owned subsidiary of the Company, had agreed to acquire a portfolio of 1,753 MW of Renewable Energy generation capacity from Mytrah Energy (India) Private Limited (MEIPL) comprising of 17 SPVs and 1 Ancillary SPV (Transaction). JSWNEL has now agreed to acquire the entire shareholding of additional 12 MEIPL SPVs within the already agreed consideration approved by the Board for the Transaction. The disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR / CFO / CMD / 4 / 2015 dated 9th September, 2015 is attached as Annexure A to the letter.
28-03-2023
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JSW Energy Ltd - 533148 - Update On Re-Organisation

 Further to our letter dated 25th November, 2021, informing about the proposed re-organisation of the Company's Green (Renewable) Business and Grey (Thermal) Business and further to our letter dated 16th March, 2022 informing about the proposed amalgamation of JSW Future Energy Limited (JSWFEL) with JSW Neo Energy Limited (JSWNEL) and their respective shareholders under Sections 230-232 of Companies Act, 2013 ('Scheme'), we now wish to inform that post the approval of the Scheme by the National Company Law Tribunal (NCLT), Mumbai Bench and post the receipt of the necessary regulatory approvals and post the necessary regulatory filings, the above Scheme has been made effective and JSWFEL stands amalgamated with JSWNEL with effect from the appointed date of 1st April, 2022. The details, as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, are given in Annexure - A to the letter
26-03-2023
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JSW Energy Ltd - 533148 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

 The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 21, 2023 for Siddeshwari Tradex Pvt Ltd
21-03-2023

Board of JSW Energy authorizes issuance of NCDs to raise 250 Cr

 On Wednesday, the JSW Energy board authorised the private offering of 25,000 non-convertible debentures (NCD) to raise 250 crore.
15-03-2023
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JSW Energy Ltd - 533148 - Announcement under Regulation 30 (LODR)-Allotment

 Pursuant to Regulation 30 of the Listing Regulations and further to an approval of the Board of Directors of the Company on 28th October, 2022 for raising of funds upto Rs. 2,500 crores through, inter-alia, the issuance of Redeemable Non-Convertible Debentures by way of Private Placement and authorizing the Finance Committee to decide on all matters relating to the proposed issuance of the Debentures including finalization and approval of the detailed terms of the issue, please note that the Finance Committee, at its meeting held on 15th March, 2023, approved the allotment of 25,000 Unsecured, Redeemable, Rated, Listed, Taxable, Non-Convertible Debentures of Rs. 1,00,000 (Rupees One Lakh) each aggregating to Rs. 250,00,00,000 (Rupees Two Hundred and Fifty Crores only). The details are as per the attached letter.
15-03-2023

JSW Energy rebounds 19% after hitting 8-month low, Rs 250 crucial for upmove towards 200 EMA

 The rally in JSW Energy last week was driven by high volumes, which in fact, was higher since the week ended October 3 last year. On the weekly charts, it has formed Bullish Engulfing kind of pattern, which is a positive sign.
05-03-2023
Bigul

JSW Energy Ltd - 533148 - Shareholding Of Joint Managing Director & CEO In The Company

 This is to inform you that upon the exercise of ESOPs granted to Mr. Prashant Jain, Joint Managing Director and Chief Executive Officer of the Company, he has acquired 82,838 equity shares of the Company on 3rd March, 2023. (Revised)
03-03-2023
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