Total income has decreased to Rs 979.49 crore for quarter ended Dec 31, 2016
Analysts say long-term contracts to elude as merchant rates trade low
The issue proceeds would be used for the general corporate purposes, business operations
JSW Energy is increasingly betting on the inorganic route to augment its power capacity
Improved realisations, signing of PPAs would be key
Net power generation for the company was higher at 6,276 million units against 5,637 million units generated a year back
Growth strategy, including through acquisitions, is positive but challenges on realisations, demand will reflect on near-term prospects
In the past two years, the company has agreed to buy four power assets in India
JSW's move to buy Monnet's 1,050-Mw thermal capacity had coincided with the latter winning a coal block for supplies
Its consolidated turnover was up 15% at Rs 2,492 crore against Rs 2,167 crore
The deal is part of JSW's plan to achieve power generation capacity of 10,000 Mw by 2020
The stock rallied 15% to Rs 81.20 on the BSE on back of heavy volumes.
The company's revenue, which came in at Rs 2,706 cr in Q4FY16, grew at 22% y-o-y
Net generation increased to 5,894 million units as against 4,698 million units a year ago