JSW starts exclusive talks to buy renewables company Mytrah Energy

Mytrah has built over 1,800 MW of assets spread across 17 wind farms and 21 solar farms in several states

The JSW group, which last week lost the race to buy Ambuja Cements, on Wednesday started "exclusive talks" to acquire Mytrah Energy, a renewable energy company with a capacity of 1800 megawatts (MW). The deal, if done, will be at an enterprise valuation of up to $2 billion, sources said.

The talks would give JSW group access to seek additional data about the company and make a final offer. Several companies, including private equity players, were earlier in the race to buy the company.

A JSW group spokesperson declined to comment.

The JSW group is expanding its energy business--from seven