JSW Energy shines as its arm gets LoA for 300 MW of wind capacity from SECI
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JSW Energy is currently trading at Rs. 232.15, up by 4.40 points or 1.93% from its previous closing of Rs. 227.75 on the BSE.
The scrip opened at Rs. 231.25 and has touched a high and low of Rs. 234.30 and Rs. 231.25 respectively. So far 18117 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 408.70 on 14-Oct-2021 and a 52 week low of Rs. 167.25 on 14-Jul-2021.
Last one week high and low of the scrip stood at Rs. 238.85 and Rs. 210.10 respectively. The current market cap of the company is Rs. 37442.82 crore.
The promoters holding in the company stood at 74.66%, while Institutions and Non-Institutions held 15.52% and 9.82% respectively.
JSW Energy’s wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) for a total wind capacity of 300 MW from Solar Energy Corporation of India (SECI) against Tariff based Competitive Bid invited by SECI for setting up of 1200 MW ISTS-connected Wind Power Projects (Tranche - XII). Subsequently, the company’s total power generation portfolio increases to 7.3 GW, with renewable energy share amounting to 57%.
The company is currently constructing around 2.0 GW of wind energy projects. Of which projects of 1.26 GW (tied up with SECI) are expected to start commissioning in current quarter in a phased manner.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
