Page 6 - Jsw Energy

JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared

The company said, total net generation for the quarter was up 26 per cent to 6.4 billion units and net debt as on March, was at Rs 26,636 crore

JSW Energy arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW

JSW Energy on Saturday said that its arm JSW Neo Energy has received a letter of award from NTPC for setting up a 700 MW solar project. With the latest project win, JSW Energy's total locked-in generation capacity has increased to 13.3 GW of which 3.1 GW is solar power, a BSE filing said. According to the filing, JSW Neo Energy Limited, a wholly owned subsidiary, has received Letter of Award for setting up a 700 MW ISTS connected Solar Power Project from NTPC Limited. The company's current installed generation capacity is 7.2 GW and expects to have 9.8 GW of installed capacity by CY24. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

Highlights of the day: Two planes collide at Heathrow Airport while aircraft being towed

From Congress' meeting to plan for Delhi's Lok Sabha seats to the tremors felt in J&K, catch all the updates from around the world here

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans

The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings

JSW Energy raises Rs 5K cr by selling shares to investors, including ADIA

JSW Energy Limited has raised Rs 5,000 crore by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. In a late regulatory filing on Friday, the company informed that it has successfully completed its Rs 5,000-crore Qualified Institutions Placement (QIP). JSW Energy said the proceeds from the QIP will further bolster its capital structure, enhance financial flexibility and enable the company to accelerate its ambitious growth plans. "The issue garnered a very strong interest from marquee global long-only investors, domestic mutual funds and insurance companies...," it added. The QIP witnessed more than 3.2 times subscription. Some of the largest global asset managers, such as GQG, Blackrock, Nomura, Wellington, UBS and ADIA, participated in the QIP issue. "This marks the first-ever equity raise by the company since its listing in 2010," JSW Energy said. This is the largest primary equity raise in the Indian po

JSW Energy to raise $600 million via share sale to institutional investors

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing

JSW Energy arm signs pact with Rel Power to buy wind project for Rs 132 cr

JSW Energy's arm JSW Renewable Energy has signed an agreement with Reliance Power to acquire its 45 MW wind power project in Vashpet, Maharashtra, for Rs 132 crore. JSW Renewable Energy (Coated) Limited is a wholly-owned subsidiary of JSW Neo Energy Limited and a step-down subsidiary of JSW Energy Limited, which is engaged in the business of renewable power generation, Reliance Power said in a regulatory filing. "Reliance Power signs sale agreement with JSW Renewable Energy for the sale of its 45 MW wind power project in Vashpet, Maharashtra, for a consideration of Rs 132 crores," it added. The deal is likely to be completed by May 21, 2024. "The proceeds from the sale will be used to retire the debt. Reliance Power is aiming to be a debt-free company by the end of this financial year. The total debt of Reliance Power as of March 31, 2023, was around Rs 700 crore," according to company sources. Reliance Power has been settling its debt with the banks. In the last 3 months, it has

Stocks to watch: Wipro, JM Financials, JSW Energy, NHPC, Zomato, Aavas Fin

Stocks to watch on 06, March, 2024: Wipro is set to acquire a 27 per cent stake in SDVerse LLC, aiming to enhance its leadership in software-defined vehicle and cloud car engineering services.

JSW Energy arm signs purchase agreement for battery energy storage

JSW Energy on Tuesday said its arm JSW Renew Energy Five has inked a battery energy storage purchase agreement (BESPA) for the first 250 MW/500 MWh standalone battery energy storage system. An energy storage system of 250 MW/500 MW means 250 MW of battery energy can provide power backup for two hours, giving a total output of 500 MW. JSW Renew Energy Five Limited (JSW Renew Five), a wholly-owned subsidiary of JSW Neo Energy Limited (or JSW Neo) and step-down subsidiary of JSW Energy Limited (or The Company), has signed battery energy storage purchase agreement (BESPA) for the first project of 250 MW / 500 MWh standalone battery energy storage system out of the total awarded project capacity of 500MW /1,000MWh (two projects each of 250 MW / 500 MWh) with Solar Energy Corporation of India Limited (SECI), a company statement said. The company will be entitled to receive a fixed capacity charge of Rs 10.84 lakh per MW per month for twelve years for 60 per cent of the total capacity, ...

Stocks to Watch today: Axis, HDFC Bk, LTFH, Airtel, Lupin, REC, JSW Energy

Stocks to watch on Wednesday, January 24, 2024: Bajaj Auto, Canara Bank, DLF, Exide, Indian Oil, Tata Steel, Tech Mahindra and TVS Motor to announce Q3 results today.

JSW Energy Q3 net profit up 28% at Rs 231 crore, revenue rises 13%

The revenue and Ebitda growth, the company said, was driven by incremental contribution from the renewable portfolio and strong thermal performance, largely driven by a buoyant merchant market

JSW Energy Q3 profit rises 28% to Rs 231 cr on demand boost, low fuel costs

India's electricity generation rose 8.7% year-on-year in the December quarter, which analysts attributed to festive activities and strong industrial demand

12 Gw pumped storage hydropower projects get govt's green signal

Pumped storage hydropower is a type of hydroelectric energy storage that uses water stored in two reservoirs at different elevations to generate electricity

JSW to invest Rs 9,000 crore for setting up 1,500 MW pumped storage project

JSW Neo Energy, a subsidiary of JSW Energy, has announced establishment of a pumped storage project with a generation capacity of 1,500 MW, at an outlay of Rs 9,000 crore in Telangana. An official release issued on Wednesday said a Memorandum of Understanding (MoU) was signed between the state government and JSW Neo Energy at the World Economic Forum being held in Davos. Sajjan Jindal, Chairman, JSW Group, met with Chief Minister of Telangana A Revanth Reddy on the sidelines of WEF and announced the plan for setting up the project, it said. JSW Neo Energy, a wholly owned subsidiary of JSW Energy that focuses on renewable and new energy solutions, will be responsible for setting up the proposed project in Telangana. Assuring all necessary support for the project, Revanth Reddy said JSW is a key partner for the State in its journey towards clean and green energy and the government is keen to collaborate with JSW for their future projects in India. Sajjan Jindal expressed his gratitu

JSW Energy proposes to top Adani's bid for coal-power plant: Report

In a letter, JSW Energy has asked India's insolvency court to allow it to participate in an auction for the Amarkantak project

JSW Group to double investments in Tamil Nadu: Chairman Sajjan Jindal

Noted industrialist and Chairman of the diversified conglomerate JSW Group Sajjan Jindal on Sunday said his company is planning to double the investments made in Tamil Nadu across sectors over the next few years. Jindal, who is here to take part in the Global Investors' Meet organised by the Government of Tamil Nadu said JSW as a group has invested Rs 15,000 crore in the state till date. JSW Group has a presence in Tamil Nadu with its JSW Steel and JSW Energy businesses. Heaping praise on the ruling DMK government, Jindal said Tamil Nadu has been a pioneer in the development of industries and continues to provide the right ecosystem that nurtures entrepreneurship with innovation at its core. Tamil Nadu's growth across sectors, especially automobile, auto-components, fertilisers, sugar, textiles and Information Technology has helped position India as a frontrunner on the global map, he said. Jindal also remarked that the state has the highest number of factories manufacturing ...

Inox Wind, JSW Energy: Power stks soar over 100% in 2 months; time to sell?

Chart suggests that shares related to green and renewable energy may display mixed trend in early 2024, given the sharp rally seen in the last two months.

JSW Renew Energy commissions 51 MW wind energy capacity in Tamil Nadu

JSW Renew Energy has commissioned the first phase of 51 MW capacity of its 810 MW wind energy project in Tamil Nadu, the company said in a statement on Tuesday. The project has a power purchase agreement with Solar Energy Corporation of India (SECI) for 25 years, the statement said. JSW Renew Energy Ltd, a wholly owned step-down subsidiary of JSW Energy, has started phase-wise commissioning of the 810 MW (Inter State Transmission System) ISTS-connected wind power project awarded under SECI tranche IX in Tamil Nadu with commissioning of the first phase of 51 MW, as per the statement. With this, the total current installed capacity has gone up to 6,822 MW while the under-construction capacity stands at 2,969 MW, which is likely to be commissioned in phases over the next 12 months, it said. JSW Energy Joint Managing Director and CEO Prashant Jain said, "We are happy to announce that we have started commissioning the SECI-IX wind project which is the first and largest greenfield wind .

JSW Energy arm to provide bank guarantee for availing loan of Rs 954 cr

JSW Energy on Wednesday said one of its wholly-owned subsidiaries, JSW Energy (Barmer) Ltd, will provide a corporate guarantee on behalf of Barmer Lignite Mining Company Ltd for availing a loan of up to Rs 954 crore. Barmer Lignite Mining Company is a joint venture of JSW Energy (Barmer) Ltd and Rajasthan State Mines & Minerals Ltd. The JSW Energy arm holds 51 per cent stake in the JV. JSW Energy (Barmer) Ltd (JSWEBL), which is a promoter of Barmer Lignite Mining Company, has issued a promoter undertaking to Bank of Baroda, which will provide the loan, an exchange filing said. "JSWEBL will also be providing a corporate guarantee in favour of the bank in connection with the above loan," the filing said. The corporate guarantee shall be a contingent liability for JSWEBL, which is a wholly-owned material subsidiary of the company, it said. At this point, there is no impact of the said promoter undertaking and the corporate guarantee on the company, it added.

Shares of India's JSW Group drop after rape allegation against chairman

Shares of JSW Group fell as much as 5% on Monday, a day after its billionaire Chairman Sajjan Jindal said that local media reports accusing him of rape were "false and baseless".