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JSW Energy shines as its arm receives LoA for ISTS-connected Solar Power Project from SECI
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JSW Energy is currently trading at Rs. 713.50, up by 9.30 points or 1.32% from its previous closing of Rs. 704.20 on the BSE.
The scrip opened at Rs. 718.20 and has touched a high and low of Rs. 725.55 and Rs. 704.00 respectively. So far 21204 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 752.40 on 01-Jul-2024 and a 52 week low of Rs. 284.95 on 24-Jul-2023.
Last one week high and low of the scrip stood at Rs. 725.55 and Rs. 686.95 respectively. The current market cap of the company is Rs. 123077.85 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 has received Letter of Award (LoA) for setting up 500 MW ISTS-connected Solar Power Project along with 250 MW / 500 MWh of Energy Storage Systems from Solar Energy Corporation of India (SECI), against Tariff based Competitive Bid invited for setting up of 1,200 MW ISTS-connected Solar Power Projects along with 600 MW / 1,200 MWh of Energy Storage Systems (Tranche XV).
Subsequent to this capacity award, the company's total locked-in generation capacity increases to 16.0 GW and the total locked-in energy storage capacity increases to 4.2 GWh. The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. With this project, the company further 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.
