JSW Energy` shines as its arm gets LoA for wind-solar hybrid power project from SECI
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JSW Energy is currently trading at Rs. 733.25, up by 10.30 points or 1.42% from its previous closing of Rs. 722.95 on the BSE.
The scrip opened at Rs. 731.35 and has touched a high and low of Rs. 740.65 and Rs. 724.45 respectively. So far 14671 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 740.65 on 24-Jun-2024 and a 52 week low of Rs. 256.40 on 26-Jun-2023.
Last one week high and low of the scrip stood at Rs. 740.65 and Rs. 680.50 respectively. The current market cap of the company is Rs. 126354.92 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 300 MW ISTS connected Wind-Solar Hybrid Power Project from Solar Energy Corporation of India (SECI) against Tariff based Competitive Bid invited for setting 1,200 MW ISTS-connected Wind-Solar Hybrid Power Projects (Tranche VIII).
Subsequent to this capacity award, the company's total locked-in capacity increases to 13.6 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 strengthens its energy solution offerings while moving towards an energy products and services company.
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.
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