Brokerages are bullish on the shares of JSW Energy after the company's wholly-owned subsidiary, JSW Neo Energy signed a major deal.

JSW Energy is in talks with major Chinese automakers to energise the possible launch of its new EV brand, and the latest Rs 12.5 crore acquisition is in line with the 2025 vision

The uptick in JSW Energy share price came after its arm, JSW Neo, signed a definitive agreement with O2 Power to acquire 4,696 MW of renewable energy (RE) platform for $1.47 billion

JSW Energy shares surged 8% following its $1.47 billion deal to acquire O2 Power’s 4,696 MW renewable energy platform, boosting its capacity and positioning in India’s renewable energy sector.

JSW Energy acquired O2 Power, a renewable energy platform, for ₹12,468 Crore, making it the company’s largest acquisition to date. The acquisition will increase JSW Energy’s generation capacity by 23%, from 20,012 megawatts (MW) to 24,708 MW.

JSW Energy's acquisition of O2 Power expected to boost EBITDA, strengthen market position, and create shareholder value.

The shares of JSW Energy witnessed a sharp rally of almost 8% in early trading on Monday, December 30, following the company’s announcement of a major acquisition. JSW Energy, through its wholly-owned subsidiary JSW Neo Energy Limited (JSWNEL),

Shares of JSW Energy rose 7.7% as its subsidiary JSW Neo Energy signed a definitive agreement to acquire O2 Power's 4.7 GW renewable energy portfolio for Rs 12,468 crore. The acquisition is aimed at achieving JSW Energy's 20 GW renewable-led capacity growth target by FY 2030.

JSW Energy share price gained almost 8% on Monday in the morning trades as it announced plans to acquire 100% interest in O2 Power Midco Holdings, O2 Energy SG Pte. Limited and subsidiaries