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JSW Energy Ltd News

JSW Energy Q1 results: PAT jumps 80% to Rs 522 cr on higher thermal biz

JSW Energy on Friday posted an 80 per cent jump in its net profit at Rs 522 crore in the April-June quarter, mainly due to higher profitability in thermal business and incremental contributions from renewables. "Profit After Tax (PAT) or net profit surged 80 per cent YoY (year on year) to Rs 522 crore, up from Rs 290 crore in the same period last year, driven by higher profitability in the thermal business and incremental contribution from RE capacity additions. Cash PAT for the quarter was robust at Rs 958 Crore," a company statement said. Revenue increased by 1 per cent YoY to Rs 3,043 crore during the reporting quarter from Rs 3,013 crore in the corresponding period last year. The incremental revenue from capacity additions was offset by lower realisation in thermal assets on account of decline in coal prices (which are pass through in nature). EBITDA (earnings before interest, taxes, depreciation, and amortization) was higher by 21 per cent YoY at Rs 1,581 crore in the quarter,

JSW Energy Q1 results: PAT jumps 80% to Rs 522 cr on higher thermal biz
Updated On : 19 Jul 2024 | 8:03 PM IST

JSW Energy looks to advance Rs 1.15 trillion capex by a few years

Plans to make Rs 15K crore capital expenditure in FY25

JSW Energy looks to advance Rs 1.15 trillion capex by a few years
Updated On : 05 Jul 2024 | 4:56 PM IST

JSW Energy plans Rs 15,000 crore capex in FY25, says Sajjan Jindal

JSW Energy Chairman & Managing Director Sajjan Jindal on Friday said the company has planned a capital expenditure of Rs 15,000 crore during the current fiscal year. In his address to shareholders at the annual general meeting, he said, the company intends to spend around Rs 1,15,000 crore to reach the goal of 20 GW generation and 40 GWh storage under 'Strategy 2.0'. He further said the company's plan is to spend approximately Rs 15,000 crore in current fiscal year and it is also actively scouting for acquisition opportunities in the power sector. The company is on track to commission ongoing projects for power generation, battery storage and green hydrogen production, it said. The growth capital secured through the recently completed QIP (qualified institutional placement) strategically positions the company to accelerate the execution of returns accretive growth plans, he noted. In April 2024, JSW Energy had raised Rs 5,000 crore of equity through a QIP issue to build a war ...

JSW Energy plans Rs 15,000 crore capex in FY25, says Sajjan Jindal
Updated On : 05 Jul 2024 | 4:24 PM IST

JSW Energy share price hits 52-week high after unit signs PPA with SJVN

The surge in the stock price came after the JSW Energy announced that its unit has inked a power purchase agreement (PPA) with SJVN

JSW Energy share price hits 52-week high after unit signs PPA with SJVN
Updated On : 01 Jul 2024 | 1:34 PM IST

JSW Energy stock up 4% after arm inks PPA for 1,325 MW renewable projects

The surge in the share price came after the company revealed that JSW Energy Neo via its subsidiary, has signed a PPA) for wind and solar projects with cumulative capacity of 1,325 MW

JSW Energy stock up 4% after arm inks PPA for 1,325 MW renewable projects
Updated On : 27 Jun 2024 | 11:53 AM IST

JSW Energy inks power purchase agreements for 1,325 MW renewable projects

JSW Energy on Wednesday said that it has inked power purchase agreements through its subsidiaries for wind and solar projects with a cumulative capacity of 1,325 MW. This includes 1,025 MW with Solar Energy Corporation of India Ltd (SECI) and 300 MW with Gujarat Urja Vikas Nigam Ltd (GUVNL), bringing the total locked-in capacity of the company to 13.6 GW, a company statement said. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said in the statement, "PPAs collectively account for 36 per cent of our pipeline capacity and would enable us to fast-track our growth targets of achieving 20 GW capacity before 2030.

JSW Energy inks power purchase agreements for 1,325 MW renewable projects
Updated On : 26 Jun 2024 | 8:24 PM IST

JSW Group to invest $70 billion in 6 years; plans to expand capacity

The Odisha investment consists of a 50 GWh EV battery plant, EVs, a lithium refinery, a copper smelter, and related component manufacturing units

JSW Group to invest $70 billion in 6 years; plans to expand capacity
Updated On : 13 Jun 2024 | 6:28 PM IST

JSW Energy begins construction of battery storage project in Rajasthan

JSW Energy on Monday said it has commenced the construction of 1 gigawatt hour (GWh) battery energy storage system project at Fatehgarh in Rajasthan. The company bagged the project from Solar Energy Corporation of India Limited (SECI) recently, JSW Energy said in an exchange filing. The project consists of two installations, each with a 500 MWh storage capacity, designed for two hours of storage in one cycle. The project will be developed under a Build Own Operate and Transfer (BOOT) mechanism and will be transferred to the offtaker after 12 years, the company said. JSW Energy said it aims to commission the project expected by June 2025. The company has also signed a Memorandum of Understanding (MoU) with JSW Steel Ltd to supply an additional 85,000-90,000 tonne of green hydrogen annually, along with 7,20,000 tonne per annum (TPA) of green oxygen, progressively by 2030. Sharad Mahendra, Joint Managing Director and CEO, JSW Energy, said, "...Our Battery Energy Storage System projec

JSW Energy begins construction of battery storage project in Rajasthan
Updated On : 10 Jun 2024 | 11:35 AM IST

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers
Updated On : 04 Jun 2024 | 10:42 AM IST

MicroStrategy, Indian companies among 42 additions to MSCI indexes

In total, there are 42 securities to be added and 121 cut from the all-country world index

MicroStrategy, Indian companies among 42 additions to MSCI indexes
Updated On : 15 May 2024 | 6:50 AM IST

Indus Towers, Bosch: Stocks that may enter MSCI Standard index on May 15

As of May 13, 2024, India's weight in the MSCI Emerging Market Index stood at around 18 per cent, a considerable rise from approximately 8 per cent in early 2020

Indus Towers, Bosch: Stocks that may enter MSCI Standard index on May 15
Updated On : 14 May 2024 | 9:39 AM IST

JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared

The company said, total net generation for the quarter was up 26 per cent to 6.4 billion units and net debt as on March, was at Rs 26,636 crore

JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared
Updated On : 07 May 2024 | 7:36 PM IST

JSW group, Japan's JFE in race to acquire 30% in Australian mine

Several Indian companies including Tata Power, Adani, and the Essar group had acquired coal mines overseas as part of their strategy to secure their raw material supplies

JSW group, Japan's JFE in race to acquire 30% in Australian mine
Updated On : 29 Apr 2024 | 7:31 PM IST

JSW Energy arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW

JSW Energy on Saturday said that its arm JSW Neo Energy has received a letter of award from NTPC for setting up a 700 MW solar project. With the latest project win, JSW Energy's total locked-in generation capacity has increased to 13.3 GW of which 3.1 GW is solar power, a BSE filing said. According to the filing, JSW Neo Energy Limited, a wholly owned subsidiary, has received Letter of Award for setting up a 700 MW ISTS connected Solar Power Project from NTPC Limited. The company's current installed generation capacity is 7.2 GW and expects to have 9.8 GW of installed capacity by CY24. The 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 arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW
Updated On : 20 Apr 2024 | 11:25 PM IST

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans

The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans
Updated On : 06 Apr 2024 | 1:28 PM IST

JSW Energy raises Rs 5K cr by selling shares to investors, including ADIA

JSW Energy Limited has raised Rs 5,000 crore by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. In a late regulatory filing on Friday, the company informed that it has successfully completed its Rs 5,000-crore Qualified Institutions Placement (QIP). JSW Energy said the proceeds from the QIP will further bolster its capital structure, enhance financial flexibility and enable the company to accelerate its ambitious growth plans. "The issue garnered a very strong interest from marquee global long-only investors, domestic mutual funds and insurance companies...," it added. The QIP witnessed more than 3.2 times subscription. Some of the largest global asset managers, such as GQG, Blackrock, Nomura, Wellington, UBS and ADIA, participated in the QIP issue. "This marks the first-ever equity raise by the company since its listing in 2010," JSW Energy said. This is the largest primary equity raise in the Indian po

JSW Energy raises Rs 5K cr by selling shares to investors, including ADIA
Updated On : 06 Apr 2024 | 7:29 AM IST

JSW Energy to raise $600 million via share sale to institutional investors

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing

JSW Energy to raise $600 million via share sale to institutional investors
Updated On : 02 Apr 2024 | 5:55 PM IST

Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama

Nuvama Institutional Equities, in report based on technical analysis, expects the Nifty MidCap to turn bullish above 48,100 and SmallCap above 15,400 levels.

Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama
Updated On : 26 Mar 2024 | 12:58 PM IST

JSW Energy arm signs pact with Rel Power to buy wind project for Rs 132 cr

JSW Energy's arm JSW Renewable Energy has signed an agreement with Reliance Power to acquire its 45 MW wind power project in Vashpet, Maharashtra, for Rs 132 crore. JSW Renewable Energy (Coated) Limited is a wholly-owned subsidiary of JSW Neo Energy Limited and a step-down subsidiary of JSW Energy Limited, which is engaged in the business of renewable power generation, Reliance Power said in a regulatory filing. "Reliance Power signs sale agreement with JSW Renewable Energy for the sale of its 45 MW wind power project in Vashpet, Maharashtra, for a consideration of Rs 132 crores," it added. The deal is likely to be completed by May 21, 2024. "The proceeds from the sale will be used to retire the debt. Reliance Power is aiming to be a debt-free company by the end of this financial year. The total debt of Reliance Power as of March 31, 2023, was around Rs 700 crore," according to company sources. Reliance Power has been settling its debt with the banks. In the last 3 months, it has

JSW Energy arm signs pact with Rel Power to buy wind project for Rs 132 cr
Updated On : 22 Mar 2024 | 8:24 PM IST

JSW Energy arm signs purchase agreement for battery energy storage

JSW Energy on Tuesday said its arm JSW Renew Energy Five has inked a battery energy storage purchase agreement (BESPA) for the first 250 MW/500 MWh standalone battery energy storage system. An energy storage system of 250 MW/500 MW means 250 MW of battery energy can provide power backup for two hours, giving a total output of 500 MW. JSW Renew Energy Five Limited (JSW Renew Five), a wholly-owned subsidiary of JSW Neo Energy Limited (or JSW Neo) and step-down subsidiary of JSW Energy Limited (or The Company), has signed battery energy storage purchase agreement (BESPA) for the first project of 250 MW / 500 MWh standalone battery energy storage system out of the total awarded project capacity of 500MW /1,000MWh (two projects each of 250 MW / 500 MWh) with Solar Energy Corporation of India Limited (SECI), a company statement said. The company will be entitled to receive a fixed capacity charge of Rs 10.84 lakh per MW per month for twelve years for 60 per cent of the total capacity, ...

JSW Energy arm signs purchase agreement for battery energy storage
Updated On : 05 Mar 2024 | 10:26 PM IST