JSW Energys 300 MW acquisition shows a cheaper path to growth

JSW Energy’s acquisition of Maruti Clean Coal & Power (MCCPL), a thermal power plant in Chhattisgarh, for ₹1,410 crore adds only 300 MW of capacity to its operational portfolio of roughly 13.6 GW. Thermal installed capacity will increase from about 5.7 GW to 6.0 GW, while merchant exposure will rise modestly from about 4% to 4.7% of the portfolio. The stock has been largely flat since the weekend announcement.