Page 7 - Jsw Energy

JSW Energy appoints Sharad Mahendra as Joint MD & CEO, effective Feb 1

JSW Energy Ltd on Friday announced appointment of Sharad Mahendra as Joint Managing Director and CEO of the company. His appointment is effective from February 1, 2024, the company said in an exchange filing. "Consequent to the vacancy created on account of Prashant Jain's decision to take early retirement, Sharad Mahendra has been appointed as a Whole-time Director (Joint Managing Director & CEO - Designate) with effect from December 1, 2023," JSW Energy said. His appointment as a Whole-Time Director is effective from December 1, 2023 for a term of 5 years. Mahendra will take charge as Joint Managing Director and CEO with effect from February 1 next year. Jain will continue to be Joint Managing Director & CEO till January 31, 2024. Prior to this appointment, Mahendra was CEO of JSW Steel Coated Products Limited (a 100 per cent subsidiary of JSW Steel Limited). He has worked with JSW Energy earlier as well as Chief Operating Officer (Energy Business) in 2017 where he led the ..

L&T, RIL, AU Small Finance Bank: Chris Wood rejigs India equity portfolio

This, he wrote in his weekly note, GREED & fear, will be paid for by reducing the existing investments in Bajaj Finance, Oil & Natural Gas Corporation (ONGC), and Reliance Industries (RIL)

JSW Energy joint managing director & CEO resigns, to take early retirement

JSW Energy said Jain will continue to serve in his current position until 31 January 2024 to support an orderly transition

JSW Energy Q2 profit jumps 83% to Rs 850 crore on power demand surge

The company, part of billionaire Sajjan Jindal-led JSW Group, saw its consolidated net profit rise to Rs 850 crore in the quarter ending Sept. 30, compared with Rs 466 crore a year ago

Envision Energy secures 653 MW wind energy project from JSW Energy

Envision Energy on Thursday said it has secured a 653.4 megawatt (MW) wind project from JSW Energy. The project is expected to be commissioned in a phased manner by 2024-end and produce 2,200 gigawatt hour (GWh) units of clean energy, contributing towards India's aim of achieving its net-zero emission goals, Envision said in a statement. "Envision Energy has won an order from JSW Energy for developing a 653.4 MW wind energy park in Karnataka and Maharashtra. As per the order, Envision would provide 198 units of EN 156-3.3 MW WTGs (wind turbine generator)," the statement said. The association with JSW Energy would play a pivotal role in ramping up renewable energy capacity in Karnataka and Maharashtra, Envision said. The company however did not disclose financial details of the project. "It has become critical to collaborate for accelerating green energy transition to avert the climate crisis. This partnership is a testament to our commitment to solving the challenges for a sustain

JSW Energy makes short-term bets on India's power sector as demand rises

JSW Energy plans to light up the first unit of its Ind-Barath asset this month and the second by the end of FY24

JSW Group makes another attempt to scale-up cement, port business

JSW Infrastructure, the group's port division, aims to raise Rs 2,800 crore through an initial public offering (IPO), which closes on Wednesday

Private equity firms TPG, Tepco, Brookfield in talks for JSW Neo stake

JSW Energy had earlier announced that it would be shifting its hydro energy projects into subsidiaries under JSW Neo Energy

JSW Energy scales fresh high on report PE investors eyeing stake in unit

Private equity firms TPG, Tokyo Electric Power Company (Tepco) and Brookfield are looking to buy a minority stake in JSW Energy subsidiary, JSW Neo Energy, as per The Economic Times

JSW Investments divests 1.27% in JSW Energy for Rs 717 cr via open market

Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions. GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy. According to the block deal data available with BSE, JSW Investments offloaded 2.10 crore shares, amounting to a 1.27 per cent stake in JSW Energy. The shares were disposed of at an average price of Rs 341.7 apiece, taking the aggregate transaction value to Rs 717.57 crore. Post the transaction, the shareholding of JSW Investments reduced to 18.95 per cent from a 20.22 per cent stake in JSW Energy at the end of the June quarter. Shares of JSW Energy rose 6.66 per cent to close at Rs 368.10 apiece on BSE. On Monday, GQG Partners Emerging Markets Equity Fund acquired more than 1.19 crore shares of JSW Energy for Rs 411

Block deal impact: JSW Energy, Religare surge up to 10%, hit 52-week highs

Religare Enterprises hit a 52-week high of Rs 242.55, soaring 10% after around 25 million equity shares changed hands on the BSE till 03:14 PM

Authum Investment sells JSW Energy shares for Rs 552 cr via open market

Authum Investment & Infrastructure on Monday offloaded shares of JSW Energy for Rs 552 crore through an open market transaction. Authum is a BSE-listed and registered NBFC in the business of investment in shares and securities. According to the bulk deal data available with the BSE, Authum Investment & Infrastructure sold 1,60,00,000 shares, amounting to a 0.97 per cent stake in JSW Energy. The shares were disposed of at an average price of Rs 345 apiece, taking the transaction size to Rs 552 crore. Meanwhile, GQG Partners Emerging Markets Equity Fund acquired more than 1.19 crore shares of JSW Energy at the same price, taking the aggregate transaction value to Rs 411 crore. Details of the other buyers could not be ascertained. Shares of JSW Energy gained 1 per cent to close at Rs 345.10 apiece on the BSE. Last month, JSW Energy reported over 48 per cent decline in consolidated net profit to Rs 290 crore in the April-June quarter due to the one-time impact of non-operational ..

Debt for firm will rise, but so will Ebitda: JSW Energy's joint MD & CEO

'Sometimes there are difficulties in terms of the right of way, land acquisition, etc'

JSW Energy Q1 net profit down 48%, revenue declines 3% to Rs 2,927 cr

JSW Energy said short-term sales were lower in the quarter under review due to an unfavourable base effect from the last financial year

JSW Energy Q1 results: Net profit declines over 48% to Rs 290 crore

JSW Energy has reported over 48 per cent decline in consolidated net profit to Rs 290 crore in the April-June quarter due to one-time impact of non-operational expenses of recent Mytrah buyout and Ind-Barath 700 MW thermal plant deal under the insolvency route. The consolidated net profit of the company stood at Rs 560 crore in the quarter ended on June 30, 2022, according to the investor presentation of the company. The company, in a statement, said that there is a one-time impact of non-operational expenses of recent Mytrah buyout and Ind-Barath 700 MW thermal NCLT (National Company Law Tribunal) deal. During the quarter, total revenue decreased by 3 per cent YoY (year on year) to Rs 3,013 crore from Rs 3,115 crore a year ago as the incremental revenue from Mytrah and renewable capacity additions was offset by lower realisation in thermal assets on account of decline in coal prices (which are pass through in nature), it said. Higher profitability from Mytrah and RE (renewable ...

JSW Energy Q4 results: Consolidated net profit falls 68% to Rs 272 crore

The company's consolidated revenue from operation rose by 9.38 per cent to Rs 2,670 crore for the March quarter as compared to Rs 2,441 crore in the year-ago period

Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%

Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points

JSW Energy, SECI sign agreement for 300 MW wind power projects

JSW Energy has signed a power purchase agreement with Solar Energy Corporation of India Ltd (SECI) for wind projects totalling 300 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.94 per kilowatt (KWh), JSW Energy said in a statement on Friday. "JSW Renew Energy Three, a wholly-owned step-down subsidiary of JSW Energy, has signed PPA with SECI for 300 MW ISTS-connected wind power projects awarded under SECI Tranche-XII," it said. The projects are located in Maharashtra and expected to be commissioned in next 24 months, the company said. The company has set a target to reach 20 GW capacity by 2030 and 10 GW by 2025. With a total locked-in capacity of 9.9 GW, JSW Energy is well placed to achieve its targets well ahead of time. In addition, the company has made a foray into energy storage space and has currently locked in 3.4 GWh of energy storage capacity by means of battery energy storage system and hydro pumped storage project.

Stocks to Watch: Tata Motors, ONGC, Maruti, HAL, RVNL, HG Infra, JSW Energy

Stocks to Watch: Oil related stocks like ONGC/Oil India/RIL/ refiners will be in focus as crude jumped 8 per cent following a surprise output cut by the OPEC+

JSW Neo Energy bags 300 MW pumped hydro storage project in Karnataka

JSW Neo Energy on Friday said it has bagged a 300 MW pumped hydro storage project from Power Company of Karnataka Ltd (PCKL). "JSW (Neo) Energy receives LoI (letter of intend) for 300 MW Hydro PSP from PCKL," a JSW Energy statement said. It further said that JSW Neo Energy Ltd (JSW Neo), a wholly-owned subsidiary of JSW Energy, has received a letter of intent from PCKL for procurement of 2,400 MWh (300 MW x 8 hours) energy storage from the pumped hydro storage project (PSP). The LoI is for providing storage capacity for 40 years. The project will be located in Karnataka and designed for eight hours of storage capacity per day. Prashant Jain, Joint Managing Director and CEO of JSW Energy, said, "We are excited to bag our first hydro pump storage project and we have already secured resources for 64 GWh of hydro PSP across various states". This is our second utility-scale storage project in addition to 'Battery Storage' secured under a competitive bidding process, he added. The com