JSW Energy completes reorganisation of its RE and thermal businesses

JSW Energy Limited has completed the reorganisation and streamlining of its renewable energy (RE) and thermal power businesses.

The company has completed the transfer of 100 per cent of the equity shares held by JSW Future Energy Limited in JSW Renew Energy (Kar) Limited and JSW Renewable Energy (Dolvi) Limited, to JSW Neo Energy Limited (JSWNEL). Additionally, 100 per cent of the equity shares held by JSW Hydro Energy Limited in JSW Energy (Kutehr) Limited has also been transferred to JSWNEL. JSW Energy has also completed the transfer of 100 per cent of the equity shares held in JSW Hydro Energy Limited to JSWNEL. Consequently, JSW Renew Energy (Kar) Limited, JSW Renewable Energy (Dolvi) Limited, JSW Energy (Kutehr) Limited and JSW Hydro Energy Limited have now become wholly owned subsidiaries of JSWNEL. The scheme of amalgamation of JSW Future Energy with JSWNEL is pending before the National Company Law Tribunal (NCLT)

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