JSW Energy Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

In an exchange filing, the company stated that Ashok Ramachandran resigned due to personal reasons.

The official announcement was made on Friday, 21 March 2025, after market hours.

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 company?s consolidated net profit declined 32.2% to Rs 157.45 crore in Q3 FY25 as compared with Rs 232.24 crore in Q3 FY24. Total income fell marginally 0.8% to Rs 2,640.04 crore in Q3 FY25 as compared with Rs 2,661.41 crore in Q3 FY24.

The counter fell 0.45% to currently trade at Rs 557.40 on the BSE.

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JSW Energy has signed a Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company (WBSEDCL) for a greenfield 1,600 MW (2 x 800 MW) super/ultra super critical thermal power plant. Additionally, for Utkal thermal power plant (2 x 350 MW), the Company has received Commercial Operation Date (CoD) certificate for Unit 2.

The 1,600 MW greenfield thermal power project, to be constructed in Salboni, West Bengal, is scheduled for commissioning in 5 years. PPA for the entire 1,600 MW capacity has been signed with WBSEDCL for 25 years. The plant will utilize domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy.

The commissioning of Unit-2 of Utkal Thermal Power Plant, ahead of the upcoming high demand season, plays a crucial role in meeting the nation's growing base load demand. The Utkal Thermal Power Plant utilises domestic coal and sells power through the merchant market and bilateral contracts.

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Additionally, concerning the Utkal thermal power plant (2 x 350 MW), the company has received the commercial operation date (CoD) certificate for Unit-2. This solidifies its commitment to supporting the growing energy demand with reliable and efficient power solutions.

The 1,600 MW Greenfield thermal power project, to be constructed in Salboni, West Bengal, is scheduled for commissioning in 5 years. A PPA for the entire 1,600 MW capacity has been signed with WBSEDCL for 25 years. The plant will utilize domestic linkage coal allocated to West Bengal under the SHAKTI B (IV) policy.

The commissioning of Unit-2 of the Utkal Thermal Power Plant, ahead of the upcoming high-demand season, plays a crucial role in meeting the nation's growing base load demand. The Utkal Thermal Power Plant utilizes domestic coal and sells power through the merchant market and bilateral contracts.

Sharad Mahendra, joint managing director (JMD) and CEO, JSW Energy, said, “I am pleased to announce the signing of a PPA with WBSEDCL for 1,600 MW thermal plants in Salboni. This is the largest Greenfield capacity and the largest PPA signed by JSW Energy. This project is poised to significantly boost local employment opportunities and contribute to the region's economic growth while ensuring a stable and reliable power supply for years to come.

Additionally, we have successfully commissioned Unit-2 of the Utkal Thermal Power Plant, which comes at a crucial time as we prepare for the upcoming high-demand season. Both plants benefit from the strategic advantage of being located near coal blocks, which results in lower operational costs. These milestones not only enhance our operational capacity but also underscore our commitment to energy security and demonstrate our exceptional execution capabilities.”

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 company’s consolidated net profit declined 32.2% to Rs 157.45 crore in Q3 FY25 as compared with Rs 232.24 crore in Q3 FY24. Total income fell marginally 0.8% to Rs 2,640.04 crore in Q3 FY25 as compared with Rs 2,661.41 crore in Q3 FY24.

The counter rose 0.32% to currently trade at Rs 517.15 on the BSE.

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Virya Infrapower is engaged in the business of development of renewable projects in India and its related activities.

The acquisition provides the opportunity to acquire a ready renewable power site with necessary infrastructure to achieve accelerated project development.

The transaction, valued at an enterprise value of Rs 7.54 crore, involves the acquisition of 100% of the equity shares of Virya Infrapower. The deal was closed on the same day the Share Purchase Agreement (SPA) was signed. The acquisition is subject to post-closing adjustments as specified in the SPA and will be settled with 100% cash consideration.

Virya Infrapower has become a step-down subsidiary of the company.

The official announcement was made on 12 March 2025, after the market hours.

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 company’s consolidated net profit declined 32.2% to Rs 157.45 crore in Q3 FY25 as compared with Rs 232.24 crore in Q3 FY24. Total income fell marginally 0.8% to Rs 2,640.04 crore in Q3 FY25 as compared with Rs 2,661.41 crore in Q3 FY24.

The counter slipped 1.08% to currently trade at Rs 509.95 on the BSE.

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