The company informed exchanges that the transaction involves the acquisition of additional equity shares from Toshiba Corporation, Japan, and is expected to be completed on or before June 15, 2026, subject to fulfilment of conditions under the definitive agreements.
TJPS is a joint venture between Toshiba Corporation, JSW Steel and JSW Energy. The company is engaged in engineering, manufacturing, marketing and maintenance services of mid-to-large scale supercritical steam turbines and generators used in thermal power generation.
JSW Energy said the acquisition would strengthen its access to steam turbine generators, enhance supply chain resilience and support its thermal capacity expansion plans. The company currently operates thermal capacity of 5,658 MW and aims to increase overall generation capacity to 30 GW by FY30.
The company added that the transaction would support its future thermal growth plans and help de-risk the supply chain for critical thermal equipment. TJPS operates a manufacturing facility in Chennai capable of producing supercritical and ultra-supercritical steam turbine generators of up to 1,000 MW capacity.
Following the acquisition, JSW Energy’s shareholding in TJPS will rise to 20.7% on a non-diluted basis and to 10.7% on a fully diluted basis.
Shares of JSWENERGY closed at ₹533.15 on the NSE on Tuesday, up 0.77% from the previous close.
