JSW Energy rises as its arm gets LoA for 700 MW ISTS connected solar power project from NTPC
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JSW Energy is currently trading at Rs. 633.55, up by 7.20 points or 1.15% from its previous closing of Rs. 626.35 on the BSE.
The scrip opened at Rs. 651.55 and has touched a high and low of Rs. 651.55 and Rs. 631.30 respectively. So far 50718 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.55 on 22-Apr-2024 and a 52 week low of Rs. 240.00 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 651.55 and Rs. 567.05 respectively. The current market cap of the company is Rs. 109471.48 crore.
The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 22.65% and 8.03% respectively.
JSW Energy’s wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) for setting up 700 MW ISTS connected Solar Power Project from NTPC against Tariff based Competitive Bid invited for setting 1,500 MW ISTS-connected Solar Power Projects (NTPC-ISTS-II).
Subsequent to this, the Company's total locked-in generation capacity increases to 13.3 GW of which 3.1 GW comprises of Solar power. The Company’s current installed generation capacity is 7.2 GW and expects to have 9.8 GW of installed capacity by CY24.
JSW Energy has total locked-in generation capacity of 13.3 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for 3.4 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN, Gujarat Urja Vikas Nigam and NTPC. In addition, the company 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. 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.
