Brokerage firm Axis Securities has recommended stocks across FMCG, power & utilities and retail space as high conviction bets based on the recent Q4 corporate earnings; check full list here.
JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. With this, the installed wind capacity stands at 3,482 MW, solar capacity at 1,968 MW and hydro capacity at 1,391 MW, taking the share of renewables in the overall capacity to 55 per cent. Further, JSW Renew Energy Three, a stepdown subsidiary of the company, has signed a power purchase agreement (PPA) with Adani Electricity Mumbai Ltd for STU-connected wind capacity of 250 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.65/KWh. The project is located in Maharashtra and is expected to be commissioned in the next 24 months. JSW Energy has total locked-in generation capacity of 29.9 GW comprising 12.5 GW ...
Bank of Baroda, Concor, HDFC Asset Management Company, and 22 others will be in focus today as they will trade ex-date on Friday, June 6, 2025
India's power utilities industry is well-positioned for continued investment and operational expansion in FY26 and beyond thanks to rising power demand and growing renewable energy capacity
JSW Energy will invest ₹14,000 crore to raise O2 Power's renewable energy capacity to 4.7 GW by 2027, with a broader capex plan of ₹18,000 crore for FY26 projects
Leading port companies plan capex, acquisitions to expand in the sector
In Q4, the company's consolidated net profit stood at ₹415 crore as compared to ₹345 crore a year ago, up 20 per cent
The company's revenue from operations fell by 15.7 per cent to ₹3,189.39 crore in the Q4FY25, it had reported a revenue of ₹2,755.87 crore in Q4FY24
Q4 FY25 company results today: Godfrey Phillips, ITC Hotels, and Allied Blenders and Distillers will be among 135 companies to post earnings reports for the January-March quarter
In the previous trading session, Sensex gained 182.34 points, or 0.22 per cent, to settle at 81,330.56 level. The Nifty50, meanwhile, closed 88.55 points, or 0.36 per cent higher at 24,666.90 level.
JSW Energy on Thursday said its subsidiary JSW Neo Energy Ltd has signed an agreement with Uttar Pradesh Power Corporation Ltd for the procurement of pumped hydro energy storage. "JSW Neo Energy has signed a pumped hydro storage power procurement agreement (PHSPPA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage," the company said. The PHSPPA is for the supply of energy storage capacity for a period of 40 years where the company will be entitled to receive a fixed capacity charge of Rs 77.2 lakh per MW per annum. The project, located in Sonbhadra district, Uttar Pradesh, will be capable of a scheduled discharge of 8 hours (with maximum continuous 6 hours) per day. The project is expected to be commissioned in the next 6 years. Subsequent to this, the company's total locked-in energy storage capacity now stands at 28.3 GWh, which includes 26.4 GWh of PSP. The company is well-positioned to achieve its target
Mamata Banerjee to lay foundation stone of firm's ₹16,000 cr Salboni plant on Monday
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
The deal, executed through its wholly owned subsidiary JSW Neo Energy, adds 4,696 megawatt (MW) of capacity spread across solar, wind, hybrid, and round-the-clock (RTC) renewable power
JSW Energy on Wednesday said its arm JSW Neo Energy has completed the acquisition of 4.7 GW renewable energy platform from O2 Power for an enterprise value of Rs 12,468 crore. The total installed capacity now stands at 12.2 GW, with 54 per cent from renewable energy, the company said, adding that it is a bold step towards JSW Energy's 20 GW vision before 2030. "We are pleased to announce the completion of JSW Energy's largest acquisition to date of 4.7 GW of O2 Power. This acquisition brings high-quality assets across resource-rich states, along with the management team and employees having a proven track record in planning and execution," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said in a statement. "This strategic acquisition brings us closer to achieving our 20 GW capacity target significantly before 2030," Mahendra added. O2 Power also brings additional connectivity for 900 MW, which will facilitate our future growth, Mahendra noted. In 2020, O2 Power was
The installed generation capacity at the end of FY25 stands at 10.9 GW, significantly surpassing the 10 GW capacity target set for FY25
The brokerage initiated coverage with a 'neutral' rating on Tata Power and Torrent Power while having an 'underweight' stance on JSW Energy
JSW Energy on Thursday said its board has approved the allotment of 80,000 non-convertible debentures aggregating to Rs 800 crore on a private placement basis in two tranches. Earlier in January, the board had approved a proposal to raise up to Rs 3,000 crore through the issuance of rated and listed non-convertible debentures (NCDs) on a private placement basis. According to the filing the Finance Committee, at its meeting held on March 20, 2025, has approved the allotment of 80,000 unsecured, rated, listed, taxable, redeemable NCDs bearing a face value of Rs 1,00,000 each, aggregating to Rs 800 crore in two tranches. The two tranches will be of Rs 400 crore but the first tranche will have a green shoe option of Rs 100 crore. The maturity period for Tranche 1 will be 3 years, while it will be five years for Tranche 2.
JSW Energy's stock rose as much as 3.55 per cent during the day to Rs 567.8 per share.
DMart share price has been experiencing a significant downturn, having lost nearly 40 per cent from its recent peak of 5,485.