JSW Energy advances on receiving letter of award

JSW Energy rose 1.06% to Rs 66.90 after the company said it received a letter of award for pilot scheme-II of PFC/NHPC for the supply of 290 MW for three years from its Vijayanagar plant.

Power supply will commence post signing of power purchase agreement in due course. The announcement was made on Tuesday, 10 September 2019.

Shares of JSW Energy rose 2.21% in two trading sessions to its current market price of Rs 66.90, from a recent closing low of Rs 65.45 on 6 September 2019.

On BSE, 6,952 shares were traded in JSW Energy counter, compared to a 2-week average of 33,000 shares. The stock hit an intraday high of Rs 67.25 and an intraday low of Rs 66.65.

It hit a 52-week high of Rs 77 on 28 May 2019 and a 52-week low of Rs 56 on 8 October 2018.

JSW Energy is a holding company. The firm is an integrated power company primarily engaged in generation and sale of power. Its business segments include power generation, power transmission, mining, power trading and equipment manufacturing.

Powered by Capital Market - Live News