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JSW Energy Ltd News

What drove JSW Energy share price 7% higher on Feb 5? Check details here

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

What drove JSW Energy share price 7% higher on Feb 5? Check details here
Updated On : 05 Feb 2025 | 2:01 PM IST

JSW Energy reduces capex to Rs 10,000 crore in FY25 citing strategic shifts

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 .

JSW Energy reduces capex to Rs 10,000 crore in FY25 citing strategic shifts
Updated On : 30 Jan 2025 | 4:43 PM IST

JSW Energy slips 10% as company posts 27% decline in Q3 PAT, rev down 6%

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 slips 10% as company posts 27% decline in Q3 PAT, rev down 6%
Updated On : 29 Jan 2025 | 10:33 AM IST

JSW Energy Q3FY25 results: Net profit falls over 27% to Rs 168 crore

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 Q3FY25 results: Net profit falls over 27% to Rs 168 crore
Updated On : 28 Jan 2025 | 9:30 PM IST

JSW Energy share up 2% as board to consider fund raising on January 28

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

JSW Energy share up 2% as board to consider fund raising on January 28
Updated On : 24 Jan 2025 | 11:53 AM IST

JSW Energy challenges CERC order rejecting BESS project tariff discovery

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)

JSW Energy challenges CERC order rejecting BESS project tariff discovery
Updated On : 20 Jan 2025 | 7:04 PM IST

JSW Energy up 7% on receiving LoI for 3,600 MW KSK Mahanadi thermal plant

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)

JSW Energy up 7% on receiving LoI for 3,600 MW KSK Mahanadi thermal plant
Updated On : 14 Jan 2025 | 9:45 AM IST

Paytm, Angel One, Kalyan Jewellers among 6 stocks with huge short build-up

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.

Paytm, Angel One, Kalyan Jewellers among 6 stocks with huge short build-up
Updated On : 13 Jan 2025 | 8:44 AM IST

Windsor has created much-needed disruption in EV market: Parth Jindal

A+ SUVs are compact, under 4 metres, affordable, and suited for city driving. B+ SUVs are slightly larger, more spacious, and feature-rich for families

Windsor has created much-needed disruption in EV market: Parth Jindal
Updated On : 12 Jan 2025 | 7:10 PM IST

JSW Energy completes acquisition of 125 MW renewables from Hetero group

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 ...

JSW Energy completes acquisition of 125 MW renewables from Hetero group
Updated On : 10 Jan 2025 | 9:32 PM IST

Angel One, Kalyan Jewel among 5 F&O stocks with short positions in 3 days

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.

Angel One, Kalyan Jewel among 5 F&O stocks with short positions in 3 days
Updated On : 08 Jan 2025 | 9:27 AM IST

Derivatives Market Update: JSW Energy, Adani Group stocks see long build-up

On the other hand, Cyient, CAMS, Hero MotoCorp, ICICI General Insurance, Jio Financial Services witness short build-up in trades on Monday.

Derivatives Market Update: JSW Energy, Adani Group stocks see long build-up
Updated On : 30 Dec 2024 | 1:54 PM IST

JSW Energy share price pops 8% on inking deal to buy O2Power for $1.47 bn

The uptick in JSW Energy share price came after its arm, JSW Neo, signed a definitive agreement with O2 Power to acquire 4,696 MW of renewable energy (RE) platform for $1.47 billion

JSW Energy share price pops 8% on inking deal to buy O2Power for $1.47 bn
Updated On : 30 Dec 2024 | 9:29 AM IST

JSW Energy inks deal to acquire O2 Power at $1.47 bn enterprise value

JSW Energy said the latest acquisition will increase the company's locked-in generation capacity to 24,708 MW, from the current 20,012 MW

JSW Energy inks deal to acquire O2 Power at $1.47 bn enterprise value
Updated On : 27 Dec 2024 | 7:42 PM IST

LG Energy Solution, JSW discuss $1.5 bn EV battery manufacturing venture

The two companies have signed an initial agreement to form an equal partnership in which LGES will contribute the technology and equipment for making batteries and JSW will invest money

LG Energy Solution, JSW discuss $1.5 bn EV battery manufacturing venture
Updated On : 17 Dec 2024 | 5:10 PM IST

JSW Energy shares rise 3% after securing multiple renewable energy projects

Shares of JSW Energy gained 3 per cent at 699.30 per share on the BSE in Monday's intraday deals

JSW Energy shares rise 3% after securing multiple renewable energy projects
Updated On : 16 Dec 2024 | 12:00 PM IST

JSW Energy gets RE projects, achieves total locked-in capacity of 20 GW

JSW Energy on Monday said it has secured multiple renewable energy projects in the commercial and industrial power market, achieving a total locked-in generation capacity of 20 GW. The company's locked-in renewable energy commercial and industrial (C&I) capacity stood at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity, a JSW Energy statement said. Currently, the operational C&I capacity of the company stood at 488 MW, it informed. The company's step-down subsidiaries have executed power purchase agreements (PPAs) with DCM Shriram Ltd and Indus Towers Ltd for the supply of renewable energy. These strategic partnerships underscore the company's commitment towards sustainable energy solutions. Subsequent to this, the company's total locked-in generation capacity has increased to 20 GW. "I am pleased to share that JSW Energy has reached the milestone of being a 20 GW generation platform," Sharad Mahendra, Joint Managing ...

JSW Energy gets RE projects, achieves total locked-in capacity of 20 GW
Updated On : 16 Dec 2024 | 11:40 AM IST

Indus Towers to acquire 26 pc stake in JSW Green Energy Eight for Rs 38 cr

Telecom infrastructure company Indus Towers on Friday said it will acquire a 26 per cent stake in JSW Green Energy Eight for Rs 38.03 crore to procure renewable energy from a solar PV plant. Indus Towers will receive 130 MW of renewable energy from a solar photovoltaic (PV) power plant, according to a regulatory filing. "...the Company, on December 12, 2024, has entered into a Power Purchase Agreement with JSW Green Energy Eight Limited, a special purpose vehicle (SPV), for the procurement of renewable energy from Solar PV plant, under Captive mode. "In connection with this, the Company will also enter into an agreement for a proposed investment of approximately Rs 38.03 crore, through the subscription to equity shares of the SPV..." it said. JSW Green Energy Eight was incorporated in October 2024 to build, develop, own, generate, supply, accumulate, transmit, distribute, store, purchase, and sell electrical power or any other energy by using conventional and/or non-conventional ..

Indus Towers to acquire 26 pc stake in JSW Green Energy Eight for Rs 38 cr
Updated On : 13 Dec 2024 | 8:07 PM IST

JSW Energy up 4% as conglomerate signs MoU with Korea's POSCO group

The collaboation is expected to boost India's steel production capacity and advance sustainability efforts in both countries

JSW Energy up 4% as conglomerate signs MoU with Korea's POSCO group
Updated On : 29 Oct 2024 | 12:31 PM IST

JSW Energy outbids Adani Power for KSK Mahanadi with Rs 15,985 crore offer

JSW Energy leads KSK Mahanadi auction with a Rs 15,985 crore bid, outbidding Adani Power by Rs 100 crore; the two-day auction saw intense bidding among six major players

JSW Energy outbids Adani Power for KSK Mahanadi with Rs 15,985 crore offer
Updated On : 28 Oct 2024 | 9:39 AM IST