JSW Energy gains after arm inks long-term PPA with Karnataka DISCOMs

JSW Energy advanced 1.62% to Rs 465.20 after the company's subsidiary, JSW Energy (Utkal) has signed a power purchase agreement (PPA) with multiple Karnataka DISCOMs for the supply of 400 MW of power starting 1 April 2026.

The agreement spans 25 years at a tariff of Rs 5.78 per kWh.

Following this PPA, JSW Energys open capacity reduced to around 5% of the current operational capacity from about 8%, further strengthening long-term revenue visibility and de-risking its generation portfolio.

JSW Energys total locked-in generation capacity now stands at 30.5 GW, comprising 13.3 GW of operational capacity, 12.4 GW under construction across thermal and renewable projects, 150 MW of hydro capacity under acquisition, and a 4.6 GW development pipeline. The company also has 29.4 GWh of locked-in energy storage capacity, including 26.4 GWh of hydro pumped storage projects and 3.0 GWh of battery energy storage systems.

JSW Energy is a private sector power producer in India and part of JSW group. It has established its presence across the value chains of power sector with diversified assets in power generation, and transmission.

The companys consolidated net profit declined 17.4% to Rs 704.68 crore despite 59.9% increase in net sales to Rs 5177.42 crore in Q2 FY26 over Q2 FY25.

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