, India
127 views
Photo by Uva Rova via Pexels

JSW Energy acquires renewable energy firm Virya Infrapower

It is now a step-down subsidiary.

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, has entered into a share purchase agreement to fully acquire Virya Infrapower Private Limited.

“The acquisition provides opportunity to acquire a ready renewable power site with necessary infrastructure to achieve accelerated project development,” JSW Energy said in a bourse filing.

The company said the transaction has an enterprise value of INR 7.54 crores and will be completed with 100% cash consideration.

Following the takeover, Virya Infrapower has become a step-down subsidiary of JSW Energy.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

SMR use in Singapore’s data centers pushed
Other experts prefer an energy mix that includes nuclear, hydrogen, and imported RE.
Singapore's hydrogen gas turbine market heats up
The city-state’s hydrogen-powered plants are expected to cut its carbon emissions. 
Eyes on nuclear, hybrid power in 2025
There is nuclear resurgence in Japan and Korea, and high battery storage demand in India.