JSW Energy Limited has secured a significant regulatory milestone with the National Company Law Tribunal (NCLT) approving its resolution plan for Raigarh Champa Rail Infrastructure Private Limited. The Hon'ble NCLT, Hyderabad granted its approval on 21st January 2026, marking a crucial step forward in the resolution process.

Resolution Plan Timeline

The approval process has progressed through key regulatory stages over the past few months. The Committee of Creditors had earlier approved JSW Energy's resolution plan on 19th November 2025, paving the way for the subsequent NCLT approval.

Implementation Status

While the NCLT approval represents a major regulatory clearance, JSW Energy has indicated that the implementation of the resolution plan remains subject to receipt of necessary approvals. The company has not specified the nature or timeline for these additional approvals in its disclosure.

Regulatory Compliance

JSW Energy has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted its notification to both the Bombay Stock Exchange and National Stock Exchange of India Limited on 22nd January 2026, one day after receiving the NCLT approval.

Corporate Communication

The formal communication was signed by Monica Chopra, Company Secretary of JSW Energy Limited, and addressed to both major stock exchanges where the company's shares are listed. This follows the company's earlier intimation dated 20th November 2025 regarding the Committee of Creditors' approval.

Morgan Stanley has maintained its Overweight rating on JSW Energy , setting a target price of ₹693.00 per share. The investment bank's decision to retain its positive stance reflects continued confidence in the power generation company's market position and growth prospects.

Analyst Rating Details

The following table summarizes Morgan Stanley's current recommendation:

Rating Significance

An Overweight rating from Morgan Stanley indicates that the investment bank expects JSW Energy's stock to outperform relative to other stocks in the power sector or broader market indices. This rating suggests that analysts view the company's current valuation as attractive relative to its growth potential and operational fundamentals.

The ₹693.00 target price represents Morgan Stanley's assessment of the stock's fair value based on their analysis of the company's financial metrics, industry positioning, and market conditions. Investment decisions should consider multiple factors including individual risk tolerance and portfolio objectives.