JSW Energy moves up as its arm receives LoA from SJVN
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JSW Energy is currently trading at Rs. 739.85, up by 5.25 points or 0.71% from its previous closing of Rs. 734.60 on the BSE.
The scrip opened at Rs. 743.05 and has touched a high and low of Rs. 744.90 and Rs. 735.75 respectively. So far 19944 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 750.45 on 24-Jun-2024 and a 52 week low of Rs. 271.10 on 30-Jun-2023.
Last one week high and low of the scrip stood at Rs. 750.45 and Rs. 709.75 respectively. The current market cap of the company is Rs. 128391.07 crore.
The promoters holding in the company stood at 73.67%, while Institutions and Non-Institutions held 17.67% and 8.66% respectively.
JSW Energy’s wholly owned subsidiary -- JSW Neo Energy (JSW Neo) has received Letter of Award (LoA) for setting up 300 MW ISTS-connected Wind-Solar Hybrid Power Project from SJVN against Tariff based Competitive Bid invited for setting 1,500 MW ISTS-connected Wind-Solar Hybrid Power Projects (Hybrid-2).
Subsequent to this capacity award, the company's total locked-in capacity increases to 13.9 GW. The company expects to have an installed generation capacity of 9.8 GW by CY24, up from 7.3 GW currently. With this hybrid project, the company further strengthens its energy solution offerings while moving towards an energy products and services company.
The company has total locked-in generation capacity of 13.9 GW comprising of 7.3 GW operational, 2.6 GW under-construction across wind, thermal and hydro and RE pipeline of 4.0 GW (PPAs signed for 1.3 GW). The company also has 3.4 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. The company 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.
