Whalesbook
JSW Energy has agreed to buy more shares in Toshiba JSW Power Systems Pvt Ltd (TJPS) from Toshiba Corporation, increasing its stake to 20.7% from 4.6%. The deal, valued at ₹150 crore, is expected to be completed by mid-June 2026, provided all conditions are met.
Securing Critical Equipment
TJPS, a joint venture involving Toshiba, JSW Steel, and JSW Energy, designs, builds, and services supercritical steam turbines and generators for thermal power plants. JSW Energy sees this purchase as a key move to improve its access to necessary steam turbine generators. The company expects this to create a more reliable supply chain and provide better support for its current thermal capacity growth.
Capacity Expansion Goals
JSW Energy currently operates 5,658 MW of thermal power capacity. The company aims to reach a total generation capacity of 30 GW by fiscal year 2030. This transaction is intended to strengthen its upcoming thermal projects and reduce risks in obtaining crucial thermal equipment. TJPS's manufacturing plant in Chennai can produce supercritical and ultra-supercritical steam turbine generators up to 1,000 MW.
After this share purchase, JSW Energy's non-diluted ownership in TJPS will increase to 20.7%, with its fully diluted stake reaching 10.7%. JSW Energy shares closed at ₹533.15 on the NSE on Tuesday, up 0.77% from the previous session.