JSW Energy soars as its arm enters into MoU with Telangana Government
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
JSW Energy is currently trading at Rs. 349.00, up by 9.05 points or 2.66% from its previous closing of Rs. 339.95 on the BSE.
The scrip opened at Rs. 347.40 and has touched a high and low of Rs. 354.00 and Rs. 346.30 respectively. So far 5457 shares were traded on the counter.
The BSE group 'T ' 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. 99.00 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 354.00 and Rs. 315.00 respectively. The current market cap of the company is Rs. 55888.86 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, through its wholly-owned subsidiary - JSW Neo Energy, has entered into a Memorandum of Understanding (MoU) with the Government of Telangana for setting up a 1,500 MW capacity Hydro Pumped Storage Project viz. Komoram Bheem Pump Storage Project in the State of Telangana.
JSW Energy through its green growth vehicle JSW Neo Energy has been expeditiously securing key resources for Hydro PSPs in various resource-rich states for projects with a targeted capacity of 10 GW. With the signing of the aforesaid MoU, the Company has tied-up resources for 5 GW hydro PSPs with the Governments of various states (Maharashtra, Chhattisgarh, Telangana, and Rajasthan).
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.
