JSW Energy rises on commissioning first green hydrogen manufacturing plant in Karnataka
JSW Energy is currently trading at Rs. 525.50, up by 3.15 points or 0.60% from its previous closing of Rs. 522.35 on the BSE.
The scrip opened at Rs. 524.90 and has touched a high and low of Rs. 526.50 and Rs. 518.45 respectively. So far 31430 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 776.35 on 12-Nov-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. 531.30 and Rs. 511.40 respectively. The current market cap of the company is Rs. 90988.83 crore.
The promoters holding in the company stood at 69.27%, while Institutions and Non-Institutions held 23.69% and 7.05% respectively.
JSW Energy has commissioned first green hydrogen manufacturing plant in Karnataka. The project is under the Production Linked Incentive Scheme - Tranche I. Strategically located adjacent to the JSW Steel facility at Vijayanagar, Karnataka, the plant will supply green hydrogen directly to the DRI unit for low-carbon steel production.
Under a seven-year offtake agreement with JSW Steel, the plant will supply 3,800 tons per annum (TPA) of green hydrogen, along with green oxygen of 30,000 TPA. This forms part of the company’s 6,800 TPA allocation under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program by the Solar Energy Corporation of India (SECI).
Additionally, the company has signed a Memorandum of Understanding with JSW Steel to progressively supply 85,000-90,000 TPA of green hydrogen and 720,000 TPA of green oxygen by 2030. These initiatives align with the company’s sustainability vision and India’s green hydrogen plan of around 5 MTPA by 2030, reinforcing the company’s position as a front-runner in driving the country’s clean energy transformation.
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.
