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Published on 8/11/2017 12:30:11 PM | Source: Dion Global Solutions Ltd.

JSW Energy bags order from Power Company of Karnataka Ltd

JSW Energy said that it has received order from Power Company of Karnataka Ltd (PCKL) for supply of 200 MW power. “The company has successfully secured an order from Power Company of Karnataka (PCKL) for supply of 200 MW power on short term basis for the period from November 8, 2017 to May 31, 2018.” It said in a filing to the Bombay Stock Exchange.

The company's Q2FY18 (July-September) net profit grew 38 percent at Rs 297.2 crore against Rs 214.9 crore, in a year ago period. Revenue was flat at Rs 2,049 crore. Other income has increased 230 percent at Rs 170.5 crore versus Rs 51.6 crore. The operating profit (EBITDA) was down 8.3 percent at Rs 882.3 crore and EBITDA margin was down 390 bps at 43.1 percent. Meanwhile, shares of the company were trading at Rs 81.1 apiece, up 2,20 per cent from the previous close at 11:27 hours on BSE.