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JSW Energy Ltd

JSWENERGY

JSW Energy Ltd

JSWENERGY
UtilitiesPower Generation
LargecapWith a market cap of ₹1,26,419 cr, stock is ranked 76
High RiskStock is 3.29x as volatile as Nifty
704.200.62% (-4.40)
704.200.62% (-4.40)

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1W
1M
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Max
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UtilitiesPower Generation
LargecapWith a market cap of ₹1,26,419 cr, stock is ranked 76
High RiskStock is 3.29x as volatile as Nifty

How to use scorecard? Learn more

UtilitiesPower Generation
LargecapWith a market cap of ₹1,26,419 cr, stock is ranked 76
High RiskStock is 3.29x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
64.686.020.26%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
25.883.931.10%

Forecast & Ratings

Detailed Forecast 
36%
Analysts have suggested that investors can buy this stock

from 11 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

JSW Energy Limited is an integrated power company primarily engaged in generation and sale of power.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 4.63%, vs industry avg of 12.91%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 5.82% to 3.91%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 19.9%, vs industry avg of 43.37%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue10,167.268,484.498,670.239,537.499,219.407,176.808,744.3811,006.3411,957.8511,988.96
Raw Materialssubtract—————————5,860.08
Power & Fuel Costsubtract4,993.914,122.734,472.395,496.184,550.133,349.963,571.505,644.054,671.11
Employee Costsubtract183.81211.77196.38243.58242.96236.63264.15307.60364.47
Selling & Administrative Expensessubtract131.7195.17128.60114.16151.77133.39165.01235.15274.70
Operating & Other expensessubtract488.94509.401,112.73430.55370.99295.64597.49863.17793.85
Depreciation/Amortizationsubtract854.25969.15966.081,163.691,738.261,166.941,131.051,169.231,633.411,610.92
Interest & Other Itemssubtract1,498.111,684.751,455.911,192.401,051.07895.65776.91844.302,053.402,078.79
Taxes & Other Itemssubtract569.17262.49260.17201.8014.30303.11509.65465.08444.20484.58
EPS8.833.850.484.246.704.8410.539.0110.5011.91
DPS2.000.500.001.001.002.002.002.002.002.00
Payout ratio0.230.130.000.240.150.410.190.220.190.17

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 3PDF
Jan 19PDF
Oct 29PDF
FY 2023

Annual report

PDF

Investor Presentation

May 23PDF
Jan 20PDF
Oct 28PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Jul 14PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesPower Generation

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
JSW Energy Ltd73.386.020.26%
NTPC Ltd20.542.591.76%
Adani Power Ltd12.105.810.01%
CESC Ltd19.362.222.25%

Price Comparison

Compare JSWENERGY with any stock or ETF
Compare JSWENERGY with any stock or ETF
JSWENERGY
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 4.07%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 7.00%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding69.32%1.18%8.04%15.37%6.10%

Dec 2023

Mar 2024

Apr 2024

Jun 2024

Shareholding History

JunSepDec '23MarAprJun5.18%8.37%8.50%8.37%13.34%15.37%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding JSW Energy Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HSBC Midcap Fund - Growth - Direct Plan

Growth
0.2834%2.98%0.29%51/93 (0)
Edelweiss Mid Cap Fund - Growth - Direct Plan

Growth
0.1055%1.80%-1.22%15/83 (+28)
HSBC Aggressive Hybrid Fund - Growth - Direct Plan

Growth
0.0964%2.08%-0.12%61/117 (-52)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

JSWENERGY has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.26%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.60 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateMay 31, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

May 31, 2024

Cash Dividend

Ex DateEx DateJun 2, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jun 2, 2023

Cash Dividend

Ex DateEx DateMay 30, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

May 30, 2022

Cash Dividend

Ex DateEx DateJul 27, 2021

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 27, 2021

Cash Dividend

Ex DateEx DateAug 4, 2020

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Aug 4, 2020

News & Opinions
Live Market Update
Indices edge higher in early trade; breadth strong

The key equity indices traded with minor gains in early trade. The Nifty traded above the 25,350 mark. Metal, realty and PSU bank shares advanced while FMCG and IT shares declined. At 09:30 IST, the barometer index, the S&P BSE Sensex, added 112 points or 0.14% to 83,002.94. The Nifty 50 index rose 42.75 points or 0.17% to 25,399.25. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.50% and the S&P BSE Small-Cap index added 0.88%. The market breadth was strong. On the BSE, 2,170 shares rose and 928 shares fell. A total of 131 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 2,364.82 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,532.18 crore in the Indian equity market on 13 September 2024, provisional data showed. Stocks in Spotlight: JSW Energy rose 0.75%. The company announced that its step-down subsidiary, JSW Renew Energy Two, has completed commissioning for the 300 MW ISTS-connected wind power project awarded by Solar Energy Corporation of India (SECI) tranche X located at Tuticorin, Tamil Nadu. Trident rose 0.30%. The company informed that it has incorporated overseas wholly owned subsidiary named, Trident Group Enterprises Pte. in Singapore. GMR Airports added 1.14% after the company's infrastructure passenger traffic across all GMR Airports increased 9% year on year (YoY) in August 2024, to over 10.6 million passengers. Numbers to Track: The yield on India's 10-year benchmark federal paper jumped 1.69% to 6.907 as compared with previous close 6.972. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.8775, compared with its close of 83.9200 during the previous trading session. MCX Gold futures for 4 October 2024 settlement rose 0.15% to Rs 73,622. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.25% to 100.86. The United States 10-year bond yield fell 0.22% to 3.639. In the commodities market, Brent crude for November 2024 settlement rose 16 cent or 0.22% to $71.77 a barrel. Global Markets: Asian stocks were traded mixed on Monday, with Hong Kong stocks falling as investors assessed downbeat economic data from China, while several key markets were closed for holidays. China's economy continued to weaken in August, with factory output, consumption, and investment all declining more than expected. Home prices fell at the fastest pace since 2014, prompting the People's Bank of China to signal more monetary easing and a heightened focus on combating deflation. Sentiment in Asia was also dampened following a second assassination attempt on US presidential candidate Donald Trump. He was later taken to safety. US stocks closed higher on Friday ahead of the Federal Reserve's upcoming policy meeting. The S&P 500 gained 0.54%, the tech-heavy Nasdaq Composite added 0.65%, and the Dow Jones Industrial Average jumped 0.72%, marking their fifth consecutive winning day. Wall Street is now looking ahead to the Fed's meeting on September 17-18, where a 25-basis-point interest rate cut is widely expected. The current target rate stands at 5.25% to 5.5%. Economic data indicating a moderation in inflation further supports the case for a rate cut. The consumer price index in August rose 2.5% year-over-year, the lowest level since February 2021. Wholesale prices increased by 0.2% in August, in line with expectations.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
JSW Energy arm completes commissioning 300-MW wind power capacity in Tamil Nadu

Subsequent to this, total current installed capacity stands at 7,726 MW while the under construction capacity stands at 2,114 MW, that is expected to be commissioned by the end of FY 2025. The company's current installed wind capacity stands at 2,152 MW. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, 'Today, JSW Energy proudly commissions its first greenfield wind power plant for SECI, reaffirming our strong execution capabilities and commitment to a greener future for India. This achievement moves us closer to our target of 10 GW installed capacity by FY2025. Additionally, we have a robust pipeline of renewable projects, propelling us towards our goal of 20 GW before 2030. I extend my heartfelt gratitude to our dedicated team and partners for their unwavering support. JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. It has set a 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 1.01% to close at Rs 767.90 on Friday, 13 September 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Live Market Update
Sensex crosses 82,000 mark; IT shares advances

The key equity indices traded with major gains in afternoon trade. The Nifty scaled above the 25,100 level after hitting the day's low of 24,896.80 in morning trade. All the sectoral indices on NSE were in the green with IT, media and metal shares gaining the most. At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 616.27 points or 0.75% to 82,182.49. The Nifty 50 index gained 184.05 points or 0.74% to 25,120.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.75% and the S&P BSE Small-Cap index gained 1.24%. The market breadth was strong. On the BSE, 2,580 shares rose and 1,265 shares fell. A total of 127 shares were unchanged. Economy: The GST Council has slashed the GST rate on cancer drugs from 12% to 5% to ease the financial burden on patients. It also reduced GST on selected snacks and exempted research funds for universities. A GoM has been formed to explore reducing tax rates on life and health insurance, and another to address compensation cess. The council received status reports on rate rationalization, real estate, and online gaming. Car seat GST increased to 28%, while RMPU air conditioners for railways and approved flying training courses were exempted from GST. Gainers & Losers: Divi's Laboratories (up 4.11%), LTIMindtree (up 4%), Bharti Airtel (up 2.09%), Infosys (up 2.07%) and Tech Mahindra (up 1.79%) were major Nifty gainers. HDFC Life Insurance Company (down 3.57%), Bajaj Finserv (down 1.80%), Sbi Life Insurance Company (down 1.69%), Shriram Finance (down 1.41%) and Bajaj Finance (down 1.33%) were major Nifty losers. Stocks in Spotlight: JSW Energy rose 1.85% after the company's wholly owned subsidiary, JSW Neo Energy received a letter of award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up 600 MW Wind-Solar Hybrid Power Project. The company will set up 600 MW of Wind-Solar Hybrid Power Project including 400 MW allotted under green shoe option H.G. Infra Engineering rallied 4.18% after the company announced that it has received the letter of award (LoA) from the Ministry of Road Transport & Highways (MoRTH) for upgrading the existing road in Gujarat. The contract involves up-gradation of existing 6 lane road of 10.630 km stretch of National Highway 47 (NH-47) from Narol to Sarkhej junctions in Gujarat on Hybrid annuity mode (HAM). ITI jumped 5.26% after the company has received an order around Rs 300 crore from Bihar Renewable Energy Development Authority (BREDA) for supply and installation of 1,00,000 numbers of solar street light systems in Bihar. The said order is in addition to 80,000 solar street light systems the company is currently executing in Bihar for BREDA. Dixon Technologies (India) rose 0.0.96%. The company's wholly owned subsidiary, Padget Electronics (Padget) has entered into an MOU with HP India Sales for manufacturing electronic gadgets. Under this agreement, Padget Eelectronics will manufacture notebooks, desktops, and all-in-one PCs. SEPC soared 6.87% after the company announced that it has been awarded a work order for Rs 182.56 crore by the Executive Engineer, Irrigation Division, Government of Bihar. The project entails conducting a detailed survey and investigation, planning and designing, supplying materials, labor, equipment, and machinery, constructing, executing, and installing, testing, commissioning within 12 months, and providing a successful trial run for 3 months. AGS Transact Technologies added 1.23% after the company has implemented and commenced managing the prepaid card platform for 'XtraPower', the fuel and fleet management program of Indian Oil Corporation (IOCL). The company will received a fixed fee for these services, generating an estimated revenue of approximately Rs 58 crore over five years. Awfis Space Solutions gained 4.36% after the company has entered into a business transfer agreement (BTA) with SMS integrated facility services for selling facility management business, Awfis Care for Rs 27.5 crore on a slump sale. Global Markets: Europeans and Asian stock traded mixed on Tuesday, as investors eagerly awaited upcoming inflation data for hints on potential interest rate cuts. China's exports grew by 8.7% year-on-year in August, while imports increased by 0.5%, according to customs data released on Tuesday. This compares to the previous growth rates of 6.5% for exports and 2% for imports. While Chinese markets participated in the regional uptrend, they underperformed due to several factors. The recent passage of a U.S. bill imposing fresh restrictions on Chinese biotechnology companies dampened sentiment. Additionally, a series of mixed economic indicators released over the past week weighed on Chinese stocks. The primary focus this week is on the key US consumer price index inflation data, which is expected to influence the outlook for interest rates. U.S. stocks rallied on Monday as investors bought the dip, anticipating a potential Federal Reserve rate cut later this month to support the slowing economy. Technology stocks, which were among the hardest hit last week, led the rebound. The Dow Jones Industrial Average surged 1.2%, the S&P 500 gained 1.16%, and the Nasdaq Composite jumped 1.16%.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
JSW Energy gains after arm bags 600 MW hybrid power project from MSEDCL

The company will set up 600 MW of Wind-Solar Hybrid Power Project including 400 MW allotted under green shoe option As a result of this capacity award, the company's total locked-in generation capacity has increased to 18.2 GW, which includes a total locked-in hybrid capacity of 3.8 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 has total locked-in generation capacity of 18.2 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 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 capacities 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.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
JSW Energy arm bags LoA for 400-MW wind solar hybrid power project

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

1 month agoCapital Market - Live
Spotlight
JSW Energy rises after subsidiary bags LoA for hybrid power project from MSEDCL

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

1 month agoCapital Market - Live
Spotlight
JSW Energy's subsidiary bags LoA for 300 MW hybrid power project from NTPC

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

1 month agoCapital Market - Live
Corporate
JSW Energy receives LoA for 300 MW wind-solar hybrid project

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has received Letter of Award for setting up 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC against Tariff based Competitive Bid invited for setting 1,000 MW ISTS-connected Wind-Solar Hybrid Power Projects (NTPC-Tranche-VI). 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 has total locked-in generation capacity of 16.7 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.9 GW (PPAs signed for 2.0 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 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. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
JSW Energy signs PPA with Bangalore Electricity Supply Company

JSW Renew Energy Twenty, a wholly owned step-down subsidiary of JSW Energy, has signed Power Purchase Agreement with Bangalore Electricity Supply Company 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 ₹2.89/KWh. The aforesaid project is located in Pavagada Solar Park, Karnataka and is expected to be commissioned in next 18 months. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 1.3 GW. JSW Energy has total locked-in generation capacity of 16.7 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 6.9 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 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. Powered by Capital Market - Live

1 month agoCapital Market - Live

JSW Energy gets ‘A’ rating in Morgan Stanley Capital International ESG rating

1 month agoEconomic Times