Page 9 - Jsw Energy

JSW Energy arm bags two battery energy storage system projects from SECI

Energy storage system of 500 MW/1,000 MW means 500 MW of battery energy can provide power backup for two hours, giving total output of 1,000 MW

Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine

CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.

JSW Energy completes acquisition of Ind-Barath Energy for Rs 1,047 cr

JSW Energy on Wednesday said it has completed the acquisition of 700 MW Ind-Barath Energy (Utkal) for Rs 1,047.60 crore through insolvency proceedings. "Pursuant to the NCLT (National Company Law Tribunal) approval order, the resolution plan has now been implemented and the acquisition of Ind-Barath Energy (Utkal) Ltd is complete. The resolution amount of Rs 1,047.60 crore has been paid," a BSE filing said. Now, the company holds 95 per cent equity shares of Ind-Barath Energy (Utkal) Ltd and the secured financial creditors collectively hold the balance 5 per cent, as per the terms of the resolution plan. Consequent to this transaction, Ind-Barath Energy (Utkal) Ltd has become a subsidiary of JSW Energy. Earlier the company had intimated on July 26, 2022, that the NCLT Hyderabad had, vide order dated July 25, 2022, (NCLT Approval Order) approved the company's resolution plan submitted on October 3, 2019, under the corporate insolvency resolution process of Ind-Barath Energy, which i

JSW Energy gets shareholders' nod to appoint Parth Jindal as director

JSW Energy has received the shareholders' approval to appoint Parth Jindal as a director on the company's board. He is the son of the company's Chairman and Managing Director Sajjan Jindal. The e-voting process for the resolution to appoint Parth Jindal as a director was started on November 23 and ended on December 22, according to the postal ballot notice. The resolution to appoint Parth Jindal has been passed with requisite majority, as per a regulatory filing. Presently, he is the managing director of JSW Cement Ltd, managing director of JSW Paints Pvt Ltd and founder of JSW Sports Pvt Ltd. Parth Jindal, who is 32 years, was appointed as an additional director of the company with effect from October 28. He joined the USD 22 billion-JSW Group in 2012 and prior to that, he spent two years working abroad. He was appointed as an economic analyst within the group's corporate strategy team.

JSW Energy (Barmer) Limited issues bonus shares worth Rs 995 crore

JSW Energy arm JSW Energy (Barmer) Ltd has issued over 99 crore bonus shares worth Rs 995.90 crore. "JSW Energy (Barmer) Ltd, wholly-owned material subsidiary of the company, has completed a bonus issue of 99,59,09,996 fully paid-up equity shares of Rs 10 each amounting to Rs 9,95,90,99,960," according to a regulatory filing on Friday. Before the issuance of bonus shares, the company's share capital was 1,99,18,19,998 fully paid-up equity shares of Rs 10 each, amounting to Rs 19,91,81,99,980. The bonus shares are issued out of the Capital Redemption Reserve.

Sensex down 208 pts, Nifty below 18,650 day head of RBI decision; PSBs gain

CLOSING BELL: Among sectors, the Nifty IT index fell 1.5 per cent, while the Nifty PSU Bank index gained 1.2 per cent

Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani

Stocks to Watch: Keystone Realtors will debut on the BSE and NSE today. The issue price has been fixed at Rs 541 per share

NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul

Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources

JSW group's renewable energy unit to raise Rs 3,900 crore term loan

JREVL is developing an 825 Mw hybrid plant (225 Mw solar, 600 Mw wind) at a cost of Rs 5,255 cr; India Rating has assigned an "A+" to the loan

JSW Energy seeks shareholders' nod to appoint Parth Jindal as director

JSW Energy has sought shareholders' approval to appoint Parth Jindal as a director on the company's board. Parth Jindal is the son of the company's Chairman an Managing Director Sajjan Jindal. The remote e-voting process for the resolution to appoint Parth Jindal as a director will start on November 23 and end on December 22, according to a postal ballot notice. Parth Jindal, who is 32 years, was appointed as an additional director of the company with effect from October 28. He earned his MBA from the Harvard Business School in 2016 and his Bachelor of Arts in Economics and Political Science from the Brown University in 2012. He joined the USD 22 billion- JSW Group in 2012 and prior to that, he spent two years working abroad. He was appointed as an economic analyst within the group's corporate strategy team. Presently, Parth Jindal is the managing director of JSW Cement Ltd, managing director of JSW Paints Pvt Ltd and founder of JSW Sports Pvt Ltd.

JSW Energy likely to close Rs 10,530-cr Mytrah acquisition by December-end

The deal, announced in August, is JSW Energy's largest till date; will take the firm's operational generation capacity to 6.5 Gw from 4.8 Gw now, and accelerate its plans to achieve 10 Gw by FY25

JSW Energy Q2 net up 37% to Rs 466 cr; Parth Jindal joins board

Revenue up 16% YoY to Rs 2,596 cr; finance cost rises by 7% due to additional borrowings for ongoing capex

JSW Energy posted 37% rise in PAT to Rs 466 cr in July-Sept quarter

JSW Energy on Friday posted a 37 per cent rise in its consolidated net profit to Rs 466 crore in the September quarter compared to the year-ago period mainly on the back of higher revenues. The company reported a profit after tax of Rs 339 crore in the corresponding period of the previous year, a statement said. During the quarter, total revenue increased by 16 per cent YoY to Rs 2,596 crore from Rs 2,237 crore in the year-ago period, JSW Energy said. Finance cost during the quarter (July-September) increased by 7 per cent YoY to Rs 204 crore because of additional borrowings due to ongoing growth capex. The weighted average cost of debt increased by 7 bps QoQ (basis point quarter on quarter) to 7.94 per cent, it stated. Long-term sales during the quarter stood at 6,481 million units, lower by 1 per cent YoY as lower thermal generation was partly offset by higher generation at solar operations at Vijayanagar, it informed. Short term sales during the quarter came at 194 million unit

JSW Energy plans to raise $30.60 million through 3-year bonds: Report

India's JSW Energy plans to raise 2.50 billion rupees ($30.60 million) through sale of bonds maturing in three years, three merchant bankers said on Wednesday

Stocks to Watch: Mahindra Logistics, Sterlite Tech, Amara Raja, JSW Energy

Mahindra Logistics has announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space

JSW Steel signs agreement with German group for carbon reduction projects

'New transformative approach' needed to produce green steel, says JSW Steel leader Sajjan Jindal

Zomato, 4 others zoom up to 45% in August; charts suggest more strength

Zomato and Metro Brands may see an upside of up to 32 per cent, while JSW Energy, Kensai Nerolac, and Hikal could surge up to 11 per cent.

JSW Energy unit to buy Mytrah Energy's renewable assets for Rs 10,530 cr

This is the third-biggest acquisition in the renewable energy space in India

JSW Energy unit to buy $1.3 billion renewable assets from Mytrah Energy

India's JSW Energy said on Wednesday that its unit JSW Neo Energy has agreed to buy some renewable energy capacity from Mytrah Energy (India) for about 105.30 billion rupees ($1.32 billion).

Stocks to Watch: YES Bank, Cipla, Bank of Baroda, Zomato, HDFC, ITC, NTPC

Stocks to Watch today: ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, among others will release their Q1 earnings today.