JSW Energy Ltd

The platform is valued at an enterprise valuation of approximately Rs 12,468 crore, after adjustments under the share purchase agreements. The acquired platform comprises of 4,100 MW of Utility scale RE projects and C&I capacity of 596 MW. Of the total platform capacity, 3,722 MW is tied-up under PPAs with high-credit-quality off-takers comprising of both utility scale and commercial and industrial (C&I) customers. While 974 MW of capacity has received Letter of Awards/Intent and are awaiting PPA signing. The portfolio features a well-diversified energy mix, including 1.8 GW of solar, 0.5 GW of wind 1.6 GW of hybrid and 0.9 GW of complex solutions like firm and dispatch renewable energy (FDRE)/Round-The-Clock (RTC). The platform has a blended average tariff of Rs 3.37/KWh. The company will have a steady state EBITDA generation of Rs 1,500 crore from 2,259 MW capacity (likely to be operational by June 2025). Additionally, around Rs 13,500 crore of capital expenditure will be incurred to reach 4,696 MW of capacity by June 2027, at which stage it will have a steady state annualised EBITDA of Rs 3,750 crore. As of FY 2025, O2 Power's installed capacity stands at 1,343 MW. Consequently, the company's proforma FY 2025 installed capacity stands at 12,212 MW, with RE capacity accounting for 6,554 MW (around 54% of total). Sharad Mahendra, joint managing director and CEO of JSW Energy, said, 'We are pleased to announce the completion of JSW Energy's largest acquisition to date of 4.7 GW of O2 Power. This acquisition brings high-quality assets across resource-rich states, along with management team and employees having a proven track record in planning and execution. This strategic acquisition brings us closer to achieving our 20 GW capacity target significantly before 2030. O2 Power also brings additional connectivity for 900 MW, which will facilitate our future growth. We warmly welcome O2 Power's experienced management team and employees to the JSW Energy family.' Pritesh Vinay, director (finance) and CFO of JSW Energy, said, 'The completion of O2 Power acquisition underscores our commitment towards value accretive growth and prudent capital allocation. O2 Power has built an attractive portfolio and pipeline of projects which adds to our asset base and strengthens our operational capabilities and presence. Not only is this acquisition attractive ' both from 'Build vs Buy' trade off as well as from a quality and value perspective ' but also we will draw synergies operationally as well as enhance portfolio returns from a competitive financing package to fund this transaction.' JSW Energy is one of the leading private sector power producers in India. It is a part of JSW Group. It has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. The company's consolidated net profit declined 27.4% to Rs 167.83 crore in Q3 FY25 as compared with Rs 231.33 crore in Q3 FY24. Net sales fell 4.1% YoY to Rs 2,438.88 crore in Q3 FY25. The scrip declined 1.63% to settle at Rs 482.20 on Wednesday, 9 April 2025. The stock market will remain closed today in observance of Shri Mahavir Jayanti.Powered by Capital Market - Live

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.Powered by Capital Market - Live

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