Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs
Analysts see development as favourable as valuations seem reasonable, JSW Energy's robust debt-equity ratio remains intact and gains are expected to accrue from day one
GMR Kamalanga Energy (GKEL) presently owns and operates a 1,050 MW (3 x 350 MW) coal-based thermal power plant located at Dhenkanal, District Kamalanga in Odisha.
Post-acquisition, the total installed power generation capacity of JSW Energy will increase to 5,609 MW
Its total income fell to Rs 2,106 crore from Rs 2,491 crore as demand was subdued, reflecting the broader economy that has been in the dumps since the beginning of the financial year
Revenue for JSW Energy in the quarter under review dipped by 19 per cent year-on-year to Rs 2,016 crore, from Rs 2,492 crore in the same period a year back
The company had clocked a Rs 146-crore net profit during the corresponding quarter a year ago, JSW Energy said in a BSE filing
The case pertains to probe that was initiated by the DRI against a few Adani group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015
Electricity consumption of such units is more than that of a small village
JP Power availed this loan as an advance payment for the proposed sale of its power unit to JSW Energy in 2016. The deal, however, was later called off
Under the pact, an amount of Rs 351.77 crore will be converted into equity shares of JPVL with a face value of Rs 10 each and Rs 280 crore will be written off, JSW Energy said in a BSE filing
More than a third of stocks in top 500 have witnessed reduced coverage
While company aims to double capacity, the acquisition of 1.7GW projects is also seen as earnings accretive
Firm says it is unlikely to opt for new corporation tax rates, expects benefit from MAT credit for the full year to be Rs 40-42 cr
However, EBITDA increased by 5% to Rs 1,048 crore from Rs 998 crore in the corresponding quarter of previous year
If concluded, JSW Energy will acquire a power plant after more than four years. It last purchased two hydro power assets from Jaiprakash Power Ventures for Rs 9,700 crore
Power demand has been very good for the last two-three years and for this year as well, says Prashant
Using Internet of Things, JSW Energy can accurately predict how much power it has to generate and supply to the plant in every 15 minute cycle
The company now plans to bid in solar energy bid rounds
JSW last week announced on the exchanges the termination of Rs 6500-crore deal with JSPL to acquire its 1,000 MW power plant in Raigarh district of Chhattisgarh