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mytrah.com

Founded Year

2009

Stage

Acquired - II | Acquired

Valuation

$0000 

About Mytrah Energy

Mytrah Energy is a renewable independent power producer and a pioneer in this space. The company has under-development power projects with an aggregate capacity of 2000MW. The company was founded in 2009 and is based in Telangana, India. In May 2022, Mytrah Energy was acquired by JSW Steel

Mytrah Energy Headquarters Location

8001 8th Floor Q-City Nanakramguda Gachibowli

Telangana, 500032,

India

+91 4033760100

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Latest Mytrah Energy News

JSW Energy - Value Accretive Acquisition Of Mytrah Energy RE Portfolio: ICICI Securities

Aug 16, 2022

4:16 PM IST, 16 Aug 2022 4:16 PM IST, 16 Aug 2022 4:16 PM IST, 16 Aug 2022 Save BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. ICICI Securities Report JSW Energy Ltd. has agreed to acquire the 1,753 mega watt renewable energy portfolio of Hyderabad based Mytrah Energy for net enterprise value of Rs 105.3 billion, or 6.4 times normalised Ebitda of Rs 16.5 billion at P90 levels (FY22 Ebitda was Rs 12.4 billion). The all-cash transaction is expected to be complete by November 2022. Mytrah Energy has 1,331 MW of operational wind assets (10 special purpose vehicles), 422 MW solar assets (seven SPVs, 422 MW) and one ancillary SPV (where group captive customers will continue to hold 26% stake). Revenue from the portfolio was Rs 15.6 billion / Rs 13.8 billion / Rs 14.7 billion for FY20 / FY21 / FY22. With this acquisition, JSW Energy’s portfolio is estimated to comprise 9.1 giga watt by March 2024, of which 65% will be renewables. We believe the acquisition is value-accretive; however, scope for optimisation and improvement of operational efficiencies is significant. Click on the attachment to read the full report: ICICI Securities JSW Energy Update.pdf View Document DISCLAIMER This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime. Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

  • When was Mytrah Energy founded?

    Mytrah Energy was founded in 2009.

  • Where is Mytrah Energy's headquarters?

    Mytrah Energy's headquarters is located at 8001 8th Floor Q-City, Telangana.

  • What is Mytrah Energy's latest funding round?

    Mytrah Energy's latest funding round is Acquired - II.

  • Who are the investors of Mytrah Energy?

    Investors of Mytrah Energy include JSW Steel and Raksha Energy Holdings.

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