JSW Energy surges after its arm starts phase-wise commissioning of ISTS-connected Wind Power Project
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JSW Energy is currently trading at Rs. 312.50, up by 2.15 points or 0.69% from its previous closing of Rs. 310.35 on the BSE.
The scrip opened at Rs. 311.15 and has touched a high and low of Rs. 319.15 and Rs. 311.15 respectively. So far 74754 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.00 on 05-Sep-2022 and a 52 week low of Rs. 182.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 319.15 and Rs. 304.00 respectively. The current market cap of the company is Rs. 51429.01 crore.
The promoters holding in the company stood at 74.69%, while Institutions and Non-Institutions held 15.43% and 9.89% respectively.
JSW Energy’s step-down subsidiary---JSW Renew Energy Two has started phase-wise commissioning of 450 MW ISTS-connected Wind Power Project awarded under SECI tranche X at Tuticorin in Tamil Nadu with commissioning of the first phase of 27 MW. This is the company’s first greenfield wind power project to be commissioned and is a testament of the group’s project execution capabilities. The project has power purchase agreement with SECI for a period of 25 years.
In addition to this project, the company is also constructing 1.8 GW of Greenfield renewable energy capacity in pursuit of reaching 10 GW capacity well ahead of its FY25 timelines, and 20 GW capacity by FY30.
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.
