What is the status of the restructuring of JSW Energy?

JSW Energy has apparently completed the reorganisation of its renewable and thermal power businesses. This is part of the reorganization that was approved by the board of JSW Energy in their Nov-21 board meet. This is supposed to help the company unlock shareholder value as the latest trend in the power sector is to disengage the traditional thermal power franchise from the upcoming renewable energy franchise.

JSW Energy has now completed the transfer of 100% of equity held by JSW Future Energy in JSW Renew Energy (Kar) and JSW Renewable Energy (Dolvi), to JSW Neo Energy Limited. In addition, JSW Neo Energy has also absorbed 100% of JSW Hydro Energy to complete the renewable offering. This is awaiting approval of NCLT.