# JSW Energy acquires additional stake in Toshiba JSW Power Systems for ₹150 crore

JSW Energy has signed definitive agreements to acquire an additional equity stake in Toshiba JSW Power Systems from Toshiba Corporation for ₹150 crore, increasing its shareholding to 20.7% on a non-diluted basis. The transaction is expected to close on or before June 15, 2026.

- Type: Acquisition
- Announced: 2026-05-19
- Where: Chennai, India
- Value: $18.0M (1.50B INR)
- Status: announced
- Products: supercritical steam turbines, generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GE Power India](https://endata.com/companies/3202.md)
- [GE Power India](https://endata.com/companies/3202.md) (target)
- [Toshiba](https://endata.com/companies/8893.md) (partner)
- [JSW Energy](https://endata.com/companies/15311.md) (acquirer)
- [Toshiba JSW Power Systems](https://endata.com/companies/64153.md) (target)

## Sources

- [energy.economictimes.indiatimes.com](https://energy.economictimes.indiatimes.com/news/power/jsw-energy-acquires-major-stake-in-toshiba-jsw-power-systems-for-150-crore/131199156), 2026-05-19: "Increasing our stake in TJPS is a strategic move deepening the partnership with Toshiba that we have built over nearly two decades - one grounded in shared standards of engineering excellence and long term thinking."
- [electricalmirror.net](https://electricalmirror.net/jsw-energy-strengthens-thermal-supply-chain-with-strategic-stake-increase-in-toshiba-corporation-jv/), 2026-05-19: "Increasing our stake in TJPS is a strategic move, deepening the partnership with Toshiba that we have built over nearly two decades."
- [financialexpress.com](https://www.financialexpress.com/business/industry-jsw-energy-buys-additional-stake-in-jv-co-4245262/), 2026-05-19: "This strategic investment will also aid the company in building thermal plants at one of the lowest capital costs in the Industry and further strengthens the company’s capability in the thermal space."
- [filingreader.com](https://filingreader.com/news-wire/mumbai/2026-06-18/jsw-energy-sets-share-swap-ratio-for-ge-power-demerger), 2026-06-18: "JSW Energy is moving forward with a scheme of arrangement to acquire a manufacturing undertaking from GE Power India Limited."
- [scanx.trade](https://scanx.trade/stock-market-news/companies/ge-power-india-schedules-analyst-meets-on-jsw-energy-scheme/44453341), 2026-07-01: "The strategic demerger involves the transfer of the Durgapur facility, which manufactures power boilers, pressure vessels, piping, and coal mills, to JSW Energy on a 'going concern, as-is-where-is' basis."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.