JSW Energy inches up as its arm receives LoA from AEML
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JSW Energy is currently trading at Rs. 706.20, up by 2.70 points or 0.38% from its previous closing of Rs. 703.50 on the BSE.
The scrip opened at Rs. 710.05 and has touched a high and low of Rs. 715.15 and Rs. 704.15 respectively. So far 23204 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 752.40 on 01-Jul-2024 and a 52 week low of Rs. 340.15 on 25-Aug-2023.
Last one week high and low of the scrip stood at Rs. 725.00 and Rs. 664.30 respectively. The current market cap of the company is Rs. 123427.41 crore.
The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 24.58% and 6.10% respectively.
JSW Energy’s wholly owned subsidiary--JSW Neo Energy has received Letter of Award (LoA) for setting up 250 MW Grid-connected Wind Power Project from Adani Electricity Mumbai (AEML) against Tariff based Competitive Bid.
As a result of this capacity award, the company’s total locked-in generation capacity has increased to 17.0 GW. This includes a total locked-in wind capacity of 4.7 GW, with the current installed wind capacity standing at 2.0 GW. The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. This project enhances the company’s energy solution offerings and supports its transition towards becoming an energy products and services company.
JSW Energy has total locked-in generation capacity of 17.0 GW comprising of 7.5 GW operational, 2.3 GW under-construction across wind, thermal and hydro and RE pipeline of 7.1 GW (PPAs signed for 2.3 GW). The company also has 4.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 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.
