JSW Energy moves up as its arm signs PPA for STU-connected 192 MW Wind Solar Hybrid capacity
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JSW Energy is currently trading at Rs. 691.05, up by 1.85 points or 0.27% from its previous closing of Rs. 689.20 on the BSE.
The scrip opened at Rs. 696.95 and has touched a high and low of Rs. 703.40 and Rs. 686.60 respectively. So far 19926 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. 347.50 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 734.95 and Rs. 686.60 respectively. The current market cap of the company is Rs. 120735.84 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 stepdown subsidiary -- JSW Renew Energy Seventeen has signed Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for STU-connected 192 MW Wind-Solar Hybrid capacity. This marks the Company’s first PPA for a wind-solar hybrid capacity.
The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.27/kWh. The project is expected to be commissioned within 24 months and will be connected to the STU in Gujarat. The company currently has a project pipeline capacity of 8.3 GW with PPA signed for 3.2 GW.
JSW Energy has total locked-in generation capacity of 18.2 GW comprising of 7.7 GW operational, 2.1 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 GW. The company also has 16.2 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.
