JSW Energy Ltd

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. Powered by Capital Market - Live

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.Powered by Capital Market - Live

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. Powered by Capital Market - Live

JSW Energy announced that the Competition Commission of India, on 4 March 2025, has approved the acquisition of KSK Mahanadi Power Company by the Company pursuant to the Resolution Plan submitted by the Company, which was approved by the National Company Law Tribunal, Hyderabad.Powered by Capital Market - Live

This added capacity is available ahead of the wind season and is ready to meet the increased energy demand during the upcoming peak demand season, thereby contributing significantly to a sustainable power supply,' the company stated. Subsequent to this capacity addition, the total operational wind capacity of JSW Energy stands at 2,826 MW. The company currently has a capacity of nearly 8 GW under construction. The firm aims to achieve a total installed generation capacity of 20 GW significantly before FY2030. 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 scrip shed 0.33% to currently trade at Rs 471.75 on the BSE. Powered by Capital Market - Live

JSW Energy has added 159 MW of greenfield wind power capacity in the quarter so far, resulting in total operational capacity of 8,400 MW. This added capacity is available ahead of the wind season and is ready to meet the increased energy demand during the upcoming peak demand season, thereby contributing significantly to a sustainable power supply. Subsequent to this capacity addition, the total operational wind capacity of the company stands at 2,826 MW. JSW Energy has been actively expanding its renewable energy portfolio with under-construction capacity of ~8.0 GW. The company aims to achieve a total installed generation capacity of 20 GW significantly before FY2030.Powered by Capital Market - Live

JSW Energy Ltd rose for a third straight session today. The stock is quoting at Rs 473.25, up 4.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 22896.3. The Sensex is at 75716.6, down 0.29%. JSW Energy Ltd has dropped around 15.12% in last one month. Meanwhile, Nifty Energy index of which JSW Energy Ltd is a constituent, has dropped around 7.72% in last one month and is currently quoting at 31198.5, up 1.48% on the day. The volume in the stock stood at 58.9 lakh shares today, compared to the daily average of 59.86 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 473.4, up 3.82% on the day. JSW Energy Ltd is down 2.35% in last one year as compared to a 3.81% gain in NIFTY and a 19.41% gain in the Nifty Energy index.The PE of the stock is 72.33 based on TTM earnings ending December 24.Powered by Capital Market - Live

JSW Energy has received letter of award (LoA) from West Bengal State Electricity Distribution Company (WBSEDCL) for development and operation of 1,600 MW greenfield (2 x 800 MW) super / ultra super critical domestic coal based thermal power plant (TPP). The plant is awarded under competitive bidding process invited by WBSEDCL and it will utilise the domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy. Subsequent to this capacity award, the Company's total locked-in generation capacity achieves a milestone of 30 GW with share of thermal capacity at 9 GW. With this the company is well positioned to achieve its target of 20 GW generation capacity significantly before 2030. Powered by Capital Market - Live

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. Profit before tax (PBT) dropped 51.63% to Rs 150.04 crore in Q3 FY25 as compared with Rs 310.17 crore in Q3 FY24. EBITDA stood at Rs 1,115 crore in Q3 FY25 was lower by 9% YoY, primarily due to lower short-term sales contribution, despite higher overall generation. EBITDA margin reduced to 42% during the quarter against 46% in Q3 FY24. Finance cost in the quarter rose to Rs 565 crore from Rs 521 crore in Q3 FY25 as a result of capitalisation of projects, with the weighted average cost of debt standing at 8.87%. In Q3 FY25, net generation stood at 6,751 MUs, a 10% YoY increase, driven by wind capacity additions, incremental contribution from Utkal Unit-1 (350 MW) and hydro plants. Sale of power generated under long-term PPAs rose by 7% YoY due to higher generation from RE portfolio. India's power demand grew by 2.6% YoY to 393 BUs in Q3 FY25, due to lower cooling demand and high base. Overall generation during the quarter grew by 3.6% YoY to 426 BUs. Renewable power generation increased by 15% YoY, driven by solar generation which was up 26% YoY during the quarter. Hydro generation during Q3 FY25 at 30 BUs grew by 29% YoY. On the supply side, installed capacity stood at 462 GW as of 31st December 2024. In Q3 FY25, net installed capacity increased by 9.3 GW primarily due to renewable capacity additions. As of 31st December 2024, the consolidated net worth and net debt were Rs 27,152 crore and Rs 26,448 crore respectively, resulting in a net debt to equity ratio of l.0x and Net Debt/EBITDA of 4.5x. On the outlook front, the company expects that as increase in base load capacity (including round-the-clock storage) falls behind the growth in demand, the supply is expected to lag behind demand over the medium term, leading to tight demand-supply conditions. Meanwhile, the company's board approved raising long-term funds up to Rs 3,000 crore through the issuance of rated and listed non-convertible debentures on a private placement basis. 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).Powered by Capital Market - Live

JM Financial Ltd, Apar Industries Ltd, NMDC Steel Ltd, UTI Asset Management Company Ltd are among the other stocks to see a surge in volumes on BSE today, 29 January 2025.JSW Energy Ltd witnessed volume of 4.49 lakh shares by 10:46 IST on BSE, a 6 times surge over two-week average daily volume of 74777 shares. The stock dropped 7.33% to Rs.467.05. Volumes stood at 1.79 lakh shares in the last session.JM Financial Ltd witnessed volume of 4.92 lakh shares by 10:46 IST on BSE, a 5.2 times surge over two-week average daily volume of 94627 shares. The stock dropped 3.84% to Rs.102.80. Volumes stood at 66116 shares in the last session.Apar Industries Ltd witnessed volume of 39322 shares by 10:46 IST on BSE, a 4.63 times surge over two-week average daily volume of 8491 shares. The stock dropped 4.41% to Rs.6,861.00. Volumes stood at 55714 shares in the last session.NMDC Steel Ltd notched up volume of 7.18 lakh shares by 10:46 IST on BSE, a 3.47 fold spurt over two-week average daily volume of 2.07 lakh shares. The stock rose 7.64% to Rs.41.15. Volumes stood at 5.07 lakh shares in the last session.UTI Asset Management Company Ltd witnessed volume of 18206 shares by 10:46 IST on BSE, a 2.96 times surge over two-week average daily volume of 6151 shares. The stock dropped 1.16% to Rs.1,040.25. Volumes stood at 7429 shares in the last session.Powered by Capital Market - Live