JSW Neo Energy Acquires 100% Stake in Virya Infrapower for ₹7.54 Crore
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has successfully acquired 100% shares of Virya Infrapower Private Limited. With this acquisition, Virya Infrapower has now become a step-down subsidiary of JSW Energy.
About Virya Infrapower Private Limited
Virya Infrapower is a renewable energy-focused company in India, established on December 17, 2014. The company is headquartered in Jaipur, Rajasthan. However, it has not recorded any revenue from operations in the last three financial years (FY2022–FY2024).
Strategic Rationale Behind the Acquisition
The acquisition of Virya Infrapower allows JSW Neo Energy to take control of a renewable power site that already has the necessary infrastructure, enabling faster project execution. The deal was closed for an enterprise value of ₹7.54 crores, with full cash consideration for the 100% stake purchase.
JSW Neo Energy’s Growth & Expansion Plans
JSW Neo Energy Limited focuses on renewable energy projects, including wind and solar power. The company has been aggressively expanding its green energy portfolio. Recently, it acquired a 4,696 MW renewable energy platform from O2 Power Pooling Pte. Ltd. for ₹12,468 crores. This acquisition boosted its total power generation capacity by 23%.
As part of JSW Energy’s broader vision, JSW Neo Energy is targeting a generation capacity of 10 GW by 2025 and 20 GW by 2030, aligning with the company’s long-term goal of achieving carbon neutrality by 2050.
JSW Energy Stock Performance
As of March 10, 2025, at 12:30 AM, JSW Energy Ltd’s stock is trading at ₹509.10 per share, reflecting a 1.18% decline from the previous day’s closing price. However, over the past month, the stock has registered an 8.86% gain.
• 52-week high: ₹804.90
• 52-week low: ₹418.75
The acquisition of Virya Infrapower aligns with JSW Neo Energy’s aggressive expansion into the renewable energy sector. With a strong pipeline of clean energy projects and an ambitious growth target, JSW Energy is reinforcing its position as a leading player in India’s renewable energy transition.
