JSW Energy Ltd Share Price – NSE  / BSE

Power Generation & Distribution, Mid Cap

The project is received from Maharashtra State Electricity Distribution Company (MSEDCL). The cumulative capacity allotted to JSW Neo under Phase- III stands at 600 MW.

As a result of this capacity award, the firm’s total locked-in generation capacity has increased to 17.6 GW, which includes a total locked-in hybrid capacity of 3.2 GW (including FDRE). The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently.

“This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company,” JSW Energy said in a statement.

JSW Energy has total locked-in generation capacity of 17.6 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 7.7 GW (PPAs signed for 2.3 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project.

The power generation company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving carbon neutrality by 2050.

JSW Energy is primarily engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal).

The power generation company’s consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24. However, revenue from operations fell by 1.65% YoY to Rs 2,879.46 crore June 2024 quarter.

The scrip rose 0.62% to currently trade at Rs 741.05 on the BSE.

Powered by Capital Market - Live News

The 200 MW project was awarded to JSW Neo post a tariff based competitive bidding process.

This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company,” Mumbai-based JSW Energy said in a statement.

As a result of this capacity award, the company’s total locked-in generation capacity has increased to 17.2 GW, which includes a total locked-in Hybrid capacity of 2.9 GW (including FDRE). The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently.

JSW Energy is primarily engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal).

The power generation company’s consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24. Revenue from operations fell by 1.65% year on year (YoY) to Rs 2,879.46 crore in the quarter ended 30 June 2024.

Powered by Capital Market - Live News

Adani Electricity Mumbai had invited tariff-based competitive Bids for setting up grid-connected wind power project.

Following this capacity award, the company’s total locked-in generation capacity has increased to 17.0 GW. This includes a total locked-in wind capacity of 4.7 GW, with the current installed wind capacity standing at 2.0 GW. The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently.

“This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company,” JSW Energy said in a statement.

JSW Energy also has total locked-in generation capacity of 17.0 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 7.1 GW (PPAs signed for 2.3 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project.

The power generation company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

JSW Energy is primarily engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal).

The power generation company’s consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24. Revenue from operations fell by 1.65% year on year (YoY) to Rs 2,879.46 crore in the quarter ended 30 June 2024.

The scrip rose 0.25% to currently trade at Rs 705.25 on the BSE.

Powered by Capital Market - Live News

NTPC had invited tariff-based competitive Bids for setting up 1,000 MW ISTS-connected wind-solar hybrid power projects.

Following this capacity award, the Company’s total locked-in generation capacity has risen to 16.7 GW, which includes a total locked-in Hybrid capacity of 2.6 GW (including FDRE). The Company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently.

This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company,” JSW Energy said in a statement.

Separately, the Mumbai-based power producer said that JSW Renew Energy Twenty, a wholly owned stepdown subsidiary of JSW Energy, has signed power purchase agreement (PPA) with Bangalore Electricity Supply Company (BESCOM) for solar capacity of 300 MW awarded by Karnataka Renewable Energy Development (KREDL).

The PPA is signed for supply of power until FY 2044 with a tariff of Rs 2.89 per kilowatt-hour (KWh). The aforesaid project is located in Pavagada Solar Park, Karnataka and is expected to be commissioned in next 18 months.

JSW Energy is primarily engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal).

The power generation company’s consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24. Revenue from operations fell by 1.65% year on year (YoY) to Rs 2,879.46 crore in the quarter ended 30 June 2024.

The scrip rose 0.40% to currently trade at Rs 716.55 on the BSE.

Powered by Capital Market - Live News