JSW Energy gains on commissioning 281 MW Organic RE Capacity
JSW Energy is currently trading at Rs. 510.15, up by 2.00 points or 0.39% from its previous closing of Rs. 508.15 on the BSE.
The scrip opened at Rs. 515.70 and has touched a high and low of Rs. 516.65 and Rs. 507.75 respectively. So far 103072 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 804.95 on 24-Sep-2024 and a 52 week low of Rs. 419.10 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 516.65 and Rs. 483.75 respectively. The current market cap of the company is Rs. 89066.28 crore.
The promoters holding in the company stood at 69.26%, while Institutions and Non-Institutions held 24.37% and 6.37% respectively.
JSW Energy has successfully commissioned 281 MW of organic renewable energy (RE) capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. This capacity addition is timely in nature and will enable the Company to benefit from the peak wind season during the year and will contribute meaningfully to overall renewable output. With this capacity addition, the installed wind capacity stands at 3,482 MW, solar capacity at 1,968 MW and hydro capacity at 1,391 MW, taking the share of renewables in overall capacity to 55%.
Further, JSW Renew Energy Three, a stepdown subsidiary of the Company, has signed Power Purchase Agreement (PPA) with Adani Electricity Mumbai for STU-connected wind capacity of 250 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.65/KWh. The aforesaid project is located in Maharashtra and is expected to be commissioned in the next 24 months.
JSW Energy has total locked-in generation capacity of 29.9 GW comprising of 12.5 GW operational, 12.4 GW under-construction across wind, thermal and hydro and pipeline of 4.9 GW. The company also has 29.3 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4 GWh and battery energy storage system of 2.9 GWh. The Company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by FY 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.
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.
