JSW Energy arm inks pact to acquire Reliance Power’s wind project for Rs 132 cr

JSW Energy said that its step-down subsidiary, JSW Renewable Energy (Coated) has signed a business transfer agreement with Reliance Power to acquire a 45 MW wind project in Maharashtra for Rs 132 crore.

In an exchange filing, the company added, JSW Renewable Energy (Coated), a wholly-owned subsidiary of JSW Neo Energy and a step down subsidiary of the company, has signed a business transfer agreement with Reliance Power for the purchase of the 45 MW Vashpet wind project (business undertaking) as a going concern on a slump sale basis.