JSW Solar (100% subsidiary of JSW Energy) has received Letter of Awards for total Blended Wind capacity of 810 MW from Solar Energy Corporation (SECI) against Tariff based Competitive Bid invited by SECI for setting up of 2500 MW ISTS-connected Blended Wind Power Projects (Tranche - IX).

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JSW Solar bagged the projects against tariff based competitive bid invited by SECI for setting up of 2500 MW ISTS (inter-state transmission system)-connected blended wind power projects (tranche-IX).

JSW Energy is an integrated power company primarily engaged in generation and sale of power. Its business segments include power generation, power transmission, mining, power trading and equipment manufacturing.

JSW Energy's consolidated net profit fell 7.5% to Rs 219.56 crore on a 25.2% decline in net sales to Rs 1,805.15 crore in Q1 June 2020 over Q1 June 2019.

The scrip advanced 3.39% to Rs 57.90 on Friday. In the past six months, the stock has underperformed the market. It rose 22.93% while the benchmark S&P BSE Sensex added 31.02% during the same period.

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JSW Energy announced the appointment of Pritesh Vinay as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from 16 September, 2020.

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JSW Energy announced that CARE Ratings (CARE) has revised the rating on long term bank facilities & debt instruments of the Company to 'CARE A+/Stable' from 'CARE AA- /Stable'. Rating on short-term bank facilities & debt instruments of the Company is reaffirmed at 'CARE A1+'.

As per the CARE Press Release, the revision factors in recently announced plans of the Company to enter into renewable energy space, not factored in earlier by CARE Ratings.

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