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.
Here's a technical outlook on key power stocks - NTPC, Tata Power, NHPC, CESC and JSW Energy - as India braces for a hot summer. Track these key support and resistance levels to trade in power shares.
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JSW Energy share: According to reports, global brokerage Morgan Stanley has maintained its 'Overweight' rating on JSW Energy stock
Of the company's 3,858 megawatt (MW) thermal assets, 34 per cent is in the open market as of December, 2024
JSW Energy share rose after the company announced it has received LoA from WBSEDCL for development & operation of 1,600 MW greenfield (2 x 800 MW) super / ultra super critical domestic coal-based TPP
JSW Energy has revised its capital expenditure (capex) target for FY'25 to Rs 10,000 crore, down from an earlier estimate of Rs 15,000 crore, citing strategic shifts toward inorganic growth through acquisitions. In the first nine months of the fiscal, the steel major had incurred capex spending of Rs 6200 crore, an official said. "For the first nine months of FY'25, we have spent about Rs 6,200 crore, and we expect to close the year with around Rs 10,000 crore in total capex," Pritesh Vinay, Director of Finance and CFO, JSW Energy, said during the company's Q3 earnings call. Initially, the company had projected a capex of Rs 15,000 crore for the year. The higher expected investment in organic projects was impacted by sectoral constraints, particularly around connectivity and related challenges, he said. "In light of this, we have adjusted our approach by focusing more on inorganic growth opportunities, which will help us continue to deliver a steady growth trajectory at a certain .
On Tuesday, after market hours, JSW Energy reported a consolidated net profit of Rs 167.83 crore as compared to a profit of Rs 231.33 crore a year ago
JSW Energy on Tuesday reported over 27 per cent dip in its consolidated net profit to Rs 168 crore in the October-December quarter compared to Rs 231 crore in the year-ago period. Total revenue decreased by 1 per cent year on year to Rs 2,640 crore in the third quarter of 2024-25 from Rs 2,661 crore in the corresponding period last year, a company statement said. The finance cost for the quarter rose to Rs 565 crore in Q3 FY25 from Rs 521 crore as a result of capitalisation of projects, with the weighted average cost of debt standing at 8.87 per cent.
JSW Energy shares rose after the company announced that the Board will meet on January 28, to consider and approve raising of long-term funds via NCDs
Earlier this month, CERC rejected the tariff discovered in the first-ever grid-scale BESS project awarded to JSW Energy by the Solar Energy Corporation of India (SECI)
The company further said that it will now await the regulatory approvals from the National Company Law Tribunal (NCLT) and Competition Commission of India (CCI)
Retail investors most bullish in last 7 months, with long-short ratio in index futures at 5:2. On the other hand, FIIs hold 5 bearish bets in index futures for ever long trade; shows NSE F&O data.
JSW Energy on Friday said its arm JSW Neo Energy has completed the acquisition of 125 MW of renewable energy assets from Hetero Group for an enterprise value of about Rs 630 crore. The 125 MW portfolio comprises wind projects located in Andhra Pradesh and Maharashtra and have long term power purchase agreements, a regulatory filing said. According to the filing, JSW Neo Energy Ltd (JSW Neo), a wholly-owned subsidiary of JSW Energy, has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs Ltd and Hetero Drugs Ltd housed under three Special Purpose Vehicles (SPVs). The portfolio has a blended tariff of Rs 5.22/KWh and an average remaining plant life of 15 years. The total locked-in capacity of the company stands at 24.7 GW which consists of a diverse fuel mix and offtakers. The transaction values the Hetero's portfolio at an enterprise valuation of approximately Rs 630 crore, excluding net current assets and other adjustments under SPAs (Share Purchase ...
Angel One, Kalyan Jewellers, Union Bank, CAMS and JSW Energy have seen open positions increase up to 53 per cent amid a fall in share price; shows NSE derivatives market data.
On the other hand, Cyient, CAMS, Hero MotoCorp, ICICI General Insurance, Jio Financial Services witness short build-up in trades on Monday.