JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, has acquired 100% shares of Virya Infrapower Private Limited. With this purchase, Virya Infrapower has now become a step-down subsidiary of JSW Energy.
Virya Infrapower is a company focused on renewable energy projects in India. It was established on December 17, 2014. It has its registered office in Jaipur, Rajasthan. However, the company has not recorded any revenue from operations in the past three years (FY2022–FY2024).
The acquisition allows JSW Neo Energy to gain control of a ready renewable power site with the necessary infrastructure to speed up project development. The deal was completed for an enterprise value of ₹7.54 crores, with full cash consideration for acquiring 100% of the target company.
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy, focuses on renewable energy projects, including wind and solar power. Recently, it expanded its portfolio by acquiring a 4,696 MW renewable energy platform from O2 Power Pooling Pte. Ltd. for ₹12,468 crores. This acquisition boosts its generation capacity by 23%. Aligned with JSW Energy’s vision, the company aims to reach 10 GW capacity by 2025 and 20 GW by 2030, supporting its long-term goal of carbon neutrality by 2050.
As of March 10, 2025, at 12:30 AM, the shares of JSW Energy Ltd are trading at ₹509.10 per share, reflecting a loss of 1.18% from the previous day’s closing price. Over the past month, the stock has registered a profit of 8.86%. The stock’s 52-week high stands at ₹804.90 per share, while its low is ₹418.75 per share.
The acquisition of Virya Infrapower aligns with JSW Neo Energy’s goal of expanding its presence in the renewable energy sector. By securing a pre-developed site, the company can speed up its project execution and strengthen its position in India’s clean energy transition. This move marks another step in JSW Energy’s commitment to sustainable growth and infrastructure development.
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Published on: Mar 13, 2025, 2:49 PM IST
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