JSW Energy Limited , a prominent player in India's power sector, has achieved a significant milestone in its efforts to resolve the debt issues of KSK Water Infrastructures Private Limited (KWIPL). The National Company Law Tribunal (NCLT), Hyderabad, has approved the withdrawal of the corporate insolvency resolution process for KWIPL, marking a positive development for both companies.

Key Developments

• The NCLT issued its order on July 24, 2025, allowing the withdrawal under section 12A of the Insolvency and Bankruptcy Code, 2016.
• JSW Energy had previously submitted a settlement plan for resolving KWIPL's debt obligations.
• The company will now proceed with implementing its settlement plan for KWIPL's debt.

Official Communication

In a filing to the stock exchanges on July 25, 2025, JSW Energy stated:

"Pursuant to the Settlement Plan submitted by the Company for the settlement of debt of KSK Water Infrastructures Private Limited ("KWIPL"), the National Company Law Tribunal, Hyderabad, has by its order dated 24th July, 2025, allowed the withdrawal of the application for corporate insolvency resolution process for KWIPL under section 12A of the Insolvency and Bankruptcy Code, 2016."

The company further added that it "will be taking necessary steps to implement the Settlement Plan."

Implications

This development is expected to have positive implications for both JSW Energy and KWIPL:

1. Debt Resolution: The approval allows JSW Energy to proceed with its plan to settle KWIPL's debt, potentially improving the financial health of both entities.
2. Avoiding Insolvency: By withdrawing the insolvency process, KWIPL may avoid the complexities and potential negative impacts associated with formal insolvency proceedings.
3. Strategic Move: This move aligns with JSW Energy's broader strategy of resolving issues and strengthening its position in the power sector.

About JSW Energy

JSW Energy Limited is part of the USD 23 billion JSW Group and has established a strong presence across the power sector value chain. The company has diversified assets in power generation and transmission, with a current power generation capacity of 12.80 GW. JSW Energy aims to achieve a total power generation capacity of 30.00 GW by 2030, demonstrating its commitment to growth and expansion in the energy sector.

As this situation continues to develop, stakeholders will be keenly watching how JSW Energy implements its settlement plan for KWIPL and the potential impact on both companies' financial positions and operations in the coming months.

JSW Energy 's wholly-owned subsidiary, JSW Neo Energy Limited, has signed a significant Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 230 MW renewable energy project. This marks JSW Energy's first foray into the Firm and Dispatchable Renewable Energy (FDRE) sector, showcasing the company's commitment to diversifying its renewable energy portfolio.

Key Details of the Agreement

Impact on JSW Energy's Portfolio

The signing of this PPA has notable implications for JSW Energy's renewable energy ambitions:

• Under-construction Capacity: Increases to 12.90 GW
• Total Locked-in Generation Capacity: Now stands at 30.20 GW

This agreement aligns with JSW Energy's strategic vision to achieve an installed generation capacity of 30 GW and 40 GWh of energy storage by 2030.

Executive Insights

Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, expressed pride in this milestone, stating:

"We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals."

About JSW Energy

JSW Energy, a part of the $23 billion JSW Group, has established itself as a leading private sector power producer in India. The company has diversified assets in power generation and transmission, with a current power generation capacity of 12.80 GW. JSW Energy began its commercial operations in 2000 and has since expanded its presence across various geographic locations and fuel sources.

This latest agreement reinforces JSW Energy's position in the renewable energy sector and demonstrates its commitment to supporting India's clean energy transition. As the company continues to expand its portfolio, it remains focused on delivering sustainable growth and creating value for all stakeholders in the evolving energy landscape.