JSW Energy, the holding company of JSW Group's power business, will acquire the boiler manufacturing unit of GE Power India (GEPIL) through a strategic demerger to strengthen its thermal power operations, the company said in an exchange filing. The announcement on September 19 pushed JSW Energy shares modestly higher in a weak market. Under the deal, GEPIL will demerge its Durgapur boiler manufacturing facility to JSW Energy via a share-swap arrangement. JSW Energy will issue 10 equity shares for every 139 shares held by GEPIL shareholders, with the scheme’s appointed date set as 1 July 2025. JSW Energy said the demerger will enable vertical integration, reduce dependency on third-party suppliers, achieve economies of scale, and improve control over critical components. The move is exp

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