Here is why JSW Energy shares were buzzing in trade on April 11

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has completed its largest acquisition to date with the ₹12,468 crore purchase of a 4.7 gigawatt (GW) renewable energy platform from O2 Power

Shares of power generation company, JSW Energy climbed 3.87 per cent to ₹501 apiece on the NSE, during the intra-day trade on Friday, April 11. The northward move in the company’s share price came on the back of the news that its, JSW Neo Energy, a wholly owned subsidiary, has completed its largest acquisition to date with the ₹12,468 crore purchase of a 4.7 gigawatt (GW) renewable energy platform from O2 Power, a platform jointly established by global investment organisations EQT & Temasek in 2020.

 

"The platform is valued at an enterprise valuation of approximately ₹12,468 crores, after adjustments under the share purchase agreements. The Company will have a steady state Ebitda generation of ₹1,500 crores from 2,259 MW capacity (likely to be operational by June 2025)," JSW Energy said in a release.

 

Additionally, ₹13,500 crores of capital expenditure will be incurred to reach 4,696 MW of capacity by June 2027, at which stage it will have a steady state annualised Ebitda of ₹3,750 crores.  ALSO READ | Stock Market LIVE: Sensex climbs 1460 pts to 75,300; Nifty at 22,870

 

"This acquisition brings high-quality assets across resource-rich states, along with management team and employees having a proven track record in planning and execution. This strategic acquisition brings us closer to achieving our 20 GW capacity target significantly before 2030. O2 Power also brings additional connectivity for 900 MW, which will facilitate our future growth," said Sharad Mahendra, joint managing director and CEO of JSW Energy.

 

A part of JSW Group, JSW Energy is a private sector power producer in India. The company has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, the company has steadily enhanced its power generation capacity from 260 MW to 10 GW ahead of FY2025 target, ensuring diversity in geographic presence, fuel sources and power offtake arrangements. As of April 11, the power generation company has a market capitalisation of ₹85,570.74 crore on the NSE. The company is a constituent of Nifty Next 50 index on the NSE.

 

JSW Energy shares scaled their 52-week high of ₹804.90 per share on the NSE, on September 24, 2024, and they fell to their 52-week low of ₹418.75 on February 17, 2025.  ALSO READ | These 4 stocks from BSE Smallcap index locked in 10% to 20% upper circuit

 

JSW Energy shares have dropped nearly 24 per cent year-till-date. In contrast, the benchmark Nifty50 has corrected nearly 4 per cent during the same period.

 

At around 12:51 pm on Friday, the company’s shares were quoted trading at around ₹489.70 per share, up 1.53 per cent from its previous close of ₹482.30 per share on the NSE.

 

Meanwhile, the benchmarks - BSE Sensex was trading higher by 1,526 points or 2.07 per cent at 75,373, and NSE Nifty50 at 22,894, up 495 points or 2.21 per cent.