Page 6 - Jsw Energy

Industry discussing trade measures against imports with govt: JSW Steel CEO

JSW Steel continues to look for coking coal assets overseas, including Australia, and Canada, Acharya said

JSW Energy Q1 results: PAT jumps 80% to Rs 522 cr on higher thermal biz

JSW Energy on Friday posted an 80 per cent jump in its net profit at Rs 522 crore in the April-June quarter, mainly due to higher profitability in thermal business and incremental contributions from renewables. "Profit After Tax (PAT) or net profit surged 80 per cent YoY (year on year) to Rs 522 crore, up from Rs 290 crore in the same period last year, driven by higher profitability in the thermal business and incremental contribution from RE capacity additions. Cash PAT for the quarter was robust at Rs 958 Crore," a company statement said. Revenue increased by 1 per cent YoY to Rs 3,043 crore during the reporting quarter from Rs 3,013 crore in the corresponding period last year. The incremental revenue from capacity additions was offset by lower realisation in thermal assets on account of decline in coal prices (which are pass through in nature). EBITDA (earnings before interest, taxes, depreciation, and amortization) was higher by 21 per cent YoY at Rs 1,581 crore in the quarter,

JSW Energy looks to advance Rs 1.15 trillion capex by a few years

Plans to make Rs 15K crore capital expenditure in FY25

JSW Energy plans Rs 15,000 crore capex in FY25, says Sajjan Jindal

JSW Energy Chairman & Managing Director Sajjan Jindal on Friday said the company has planned a capital expenditure of Rs 15,000 crore during the current fiscal year. In his address to shareholders at the annual general meeting, he said, the company intends to spend around Rs 1,15,000 crore to reach the goal of 20 GW generation and 40 GWh storage under 'Strategy 2.0'. He further said the company's plan is to spend approximately Rs 15,000 crore in current fiscal year and it is also actively scouting for acquisition opportunities in the power sector. The company is on track to commission ongoing projects for power generation, battery storage and green hydrogen production, it said. The growth capital secured through the recently completed QIP (qualified institutional placement) strategically positions the company to accelerate the execution of returns accretive growth plans, he noted. In April 2024, JSW Energy had raised Rs 5,000 crore of equity through a QIP issue to build a war ...

JSW Energy share price hits 52-week high after unit signs PPA with SJVN

The surge in the stock price came after the JSW Energy announced that its unit has inked a power purchase agreement (PPA) with SJVN

JSW Energy stock up 4% after arm inks PPA for 1,325 MW renewable projects

The surge in the share price came after the company revealed that JSW Energy Neo via its subsidiary, has signed a PPA) for wind and solar projects with cumulative capacity of 1,325 MW

JSW Energy inks power purchase agreements for 1,325 MW renewable projects

JSW Energy on Wednesday said that it has inked power purchase agreements through its subsidiaries for wind and solar projects with a cumulative capacity of 1,325 MW. This includes 1,025 MW with Solar Energy Corporation of India Ltd (SECI) and 300 MW with Gujarat Urja Vikas Nigam Ltd (GUVNL), bringing the total locked-in capacity of the company to 13.6 GW, a company statement said. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said in the statement, "PPAs collectively account for 36 per cent of our pipeline capacity and would enable us to fast-track our growth targets of achieving 20 GW capacity before 2030.

Hero Motocorp, JSW energy among 7 midcap stocks likely to get largecap tag

M-cap of 6 of these 7 midcap stocks has topped Rs 1 trillion

JSW Energy begins construction of battery storage project in Rajasthan

JSW Energy on Monday said it has commenced the construction of 1 gigawatt hour (GWh) battery energy storage system project at Fatehgarh in Rajasthan. The company bagged the project from Solar Energy Corporation of India Limited (SECI) recently, JSW Energy said in an exchange filing. The project consists of two installations, each with a 500 MWh storage capacity, designed for two hours of storage in one cycle. The project will be developed under a Build Own Operate and Transfer (BOOT) mechanism and will be transferred to the offtaker after 12 years, the company said. JSW Energy said it aims to commission the project expected by June 2025. The company has also signed a Memorandum of Understanding (MoU) with JSW Steel Ltd to supply an additional 85,000-90,000 tonne of green hydrogen annually, along with 7,20,000 tonne per annum (TPA) of green oxygen, progressively by 2030. Sharad Mahendra, Joint Managing Director and CEO, JSW Energy, said, "...Our Battery Energy Storage System projec

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

With expansion on mind, JSW Energy builds money purse, human capital

In April, JSW Energy completed a fund raise of Rs 5,000 crore through the qualified institutional placement (QIP) route

Canara Bank, JSW Energy among companies getting added to MSCI indexes

India's Canara Bank, Indonesian chemical firm Chandra Asri Pacific and Indian power generator JSW Energy will be the three largest additions to the MSCI emerging markets index

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.

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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.