JSW Energy Ltd gained for a third straight session today. The stock is quoting at Rs 570.55, up 1.61% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. JSW Energy Ltd has slipped around 16.73% in last one month. Meanwhile, Nifty Energy index of which JSW Energy Ltd is a constituent, has slipped around 5.92% in last one month and is currently quoting at 33821.2, up 1.18% on the day. The volume in the stock stood at 9.06 lakh shares today, compared to the daily average of 39.19 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 570.35, up 1.53% on the day. JSW Energy Ltd is up 20.85% in last one year as compared to a 8.08% jump in NIFTY and a 1.81% jump in the Nifty Energy index.The PE of the stock is 86.62 based on TTM earnings ending September 24.Powered by Capital Market - Live

The company has fully revived and synchronized the entire 700 MW (2x350 MW) capacity at the Utkal Thermal Power Plant, following its acquisition under NCLT proceedings in December 2022, achieving this in approximately 24 months. The Utkal Thermal Power Plant, which runs on domestic coal, is not currently tied to a long-term power purchase agreement. Its commissioning comes at a crucial time of high demand growth, contributing to the nation's increasing base load demand and enhancing energy security. This development will also help JSW Energy diversify its fuel mix, geographical reach, and off-take arrangements. 'The company's locked-in thermal capacity stands at 7,458 MW and with the commissioning of Unit-2 (350 MW) the operating thermal capacity will increase to 3,858 MW. The company's total locked-in generation capacity stands at 28.2 GW. This positions JSW Energy to achieve its target of 20 GW significantly before 2030 and is committed to a net zero target by 2050,' it added. JSW Energy is primarily engaged in the business of generation of power, with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh), and Salboni (West Bengal). The company's consolidated net profit marginally increased to Rs 853.25 crore in Q2 FY25 as against Rs 850.16 crore posted in Q2 FY24. Net sales marginally declined to Rs 3,237.66 crore in Q2 FY25 from Rs 3,259.42 crore reported in Q2 FY24.Powered by Capital Market - Live

KMPCL owns a 3,600 MW thermal power plant, utilising domestic coal and located in Chhattisgarh. Presently, 1,800 MW (600 MW x 3 units) is operational, which is 95% tied-up under long- and medium-term power purchase agreements. An additional 1,800 MW (600 MW x 3 units) is under construction, out of which one unit (600 MW) is 40% completed and the balance of the plant is in place for the remaining 1,200 MW. The plant has a firm arrangement for water and coal transportation for the entire 3,600 MW. Subsequent to this, the company's total locked-in thermal generation capacity stands at 7.5 GW and total locked-in generation capacity stands at 28.2 GW. This positions JSW Energy to achieve its target of 20 GW significantly before 2030 and is committed to a net zero target by 2050, the company said. Sharad Mahendra, joint managing director and CEO of JSW Energy, said: 'This strategic move positions us to address the increasing energy needs of our nation through a diversified energy mix, integrating both conventional and renewable sources. Strategically located near a coal block, the plant boasts PPA tie-ups and efficient operations, ensuring a reliable power supply. As we move forward, we will continue to explore new opportunities and strive to remain at the forefront of the energy sector.' JSW Energy is primarily engaged in the business of generation of power, with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh), and Salboni (West Bengal). The company's consolidated net profit marginally increased to Rs 853.25 crore in Q2 FY25 as against Rs 850.16 crore posted in Q2 FY24. Net sales marginally declined to Rs 3,237.66 crore in Q2 FY25 from Rs 3,259.42 crore reported in Q2 FY24.Powered by Capital Market - Live

JSW Energy announced that the resolution plan submitted by the Company for KSK Mahanadi Power Company (KMPCL) under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016, has been approved by the Committee of Creditors and the Company has received a Letter of Intent from the Resolution Professional on 13 January 2025. KPMCL owns 1,800 MW operational and another 1,800 MW under construction thermal power plant located in the state of Chhattisgarh. The closure of the transaction shall be subject to the receipt of necessary regulatory approvals including from the National Company Law Tribunal and Competition Commission of India. Powered by Capital Market - Live

The 125 MW portfolio comprises wind projects located in Andhra Pradesh and Maharashtra and has long-term power purchase agreements, it added. 'JSW Neo Energy (JSW Neo), a wholly-owned subsidiary of JSW Energy, has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs and Hetero Drugs housed under three special purpose vehicles (SPVs),' stated in regulatory filing. The portfolio has a blended tariff of Rs 5.22/KWh and an average remaining plant life of 15 years. JSW Energy is primarily engaged in the business of generation of power, with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh), and Salboni (West Bengal). The company's consolidated net profit marginally increased to Rs 853.25 crore in Q2 FY25 as against Rs 850.16 crore posted in Q2 FY24. Net sales marginally declined to Rs 3,237.66 crore in Q2 FY25 from Rs 3,259.42 crore reported in Q2 FY24. Shares of JSW Energy slipped 1.59% to Rs 530.75 on the BSE.Powered by Capital Market - Live

JSW Energy announced that India Ratings and Research has opined that the proposed acquisition of 100% interest in O2 Power Midco Holdings and O2 Energy SG and their subsidiaries, by JSW Neo Energy (a wholly owned subsidiary of the Company), remains credit neutral for the Company. The ratings from India Ratings stands at IND AA/Stable/IND A1+. Powered by Capital Market - Live

JSW Energy announced that ICRA has assigned / reaffirmed the rating of 'ICRA AA/Stable' for the Non-convertible Debentures facility and the long term Bank facilities and 'ICRA A1+' for the short term facilities, including Commercial Paper, of the Company. Powered by Capital Market - Live

JSW Energy Ltd fell for a fifth straight session today. The stock is quoting at Rs 567.6, down 4.71% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.7% on the day, quoting at 23540.9. The Sensex is at 77652.44, down 0.7%.JSW Energy Ltd has eased around 15.94% in last one month.Meanwhile, Nifty Energy index of which JSW Energy Ltd is a constituent, has eased around 7.31% in last one month and is currently quoting at 35164.75, down 0.66% on the day. The volume in the stock stood at 26.94 lakh shares today, compared to the daily average of 34.61 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 570.75, down 4.69% on the day. JSW Energy Ltd jumped 24.79% in last one year as compared to a 9.26% rally in NIFTY and a 2.06% spurt in the Nifty Energy index.The PE of the stock is 91.88 based on TTM earnings ending September 24.Powered by Capital Market - Live

JSW Neo Energy inked agreements with O2 Power Pooling Pte., O2 Power SG Pte and certain individuals to acquire O2 Power Midco Holdings Pte. and O2 Energy SG Pte. and their subsidiaries having a consolidated operational and under construction / development renewable energy portfolio of 4.7 GW for an enterprise value of $1.47 billion (Rs 12,468 crore). This transaction is however, subject to approval of Competition Commission of India (CCI) and other customary approvals standard to a transaction of this size. Upon completion of the transaction, the O2 entities will become subsidiaries of JSWNEL and step-down subsidiaries of JSW Energy. The company has set a target to reach 20 GW capacity before FY 2030. The renewable assets under this transaction will be acquired by JSW Neo Energy. This acquisition would help the company in achieving its renewable-led capacity growth target of 20 GW before FY 2030. The proposed acquisition is expected to be completed on or before 26 May 2025, subject to fulfilment of the conditions under the definitive agreements. O2 Power is a renewable energy platform with a capacity of 4,696 MW ' where 2,259 MW will be operational by June 2025, 1,463 MW is currently under construction, and an additional 974 MW are in the pipeline, all scheduled for commissioning by June 2027. The platform has a blended average tariff of Rs 3.37/KWh with remaining life of about 23 years. The capacities are spread across seven resource-rich states of India. This acquisition will leapfrog the company's locked-in generation capacity by 23%, from 20,012 MW to 24,708 MW. Sharad Mahendra, joint MD and CEO of JSW Energy, said: 'We are thrilled to announce the acquisition of O2 Power's 4.7 GW renewable energy platform which is JSW Energy's largest acquisition since inception. This landmark acquisition strengthens our positioning as a leading player in India's energy sector. These highquality assets strengthen our operational footprint across key resource-rich states. It gives me a great joy to welcome the experienced management team and employees of O2 power to JSW Energy family. By combining our strengths, I am confident that we will deliver exceptional value to our stakeholders.' Pritesh Vinay, director (finance) and CFO of JSW Energy, said: 'The acquisition of O2 Power's renewable energy platform is significantly value accretive to the shareholders of JSW Energy. This is a very attractive acquisition ' both from 'Build vs Buy' trade off as well as from a quality and value perspective when compared to all acquisitions in this space over recent times, and is consistent with our long track record of being prudent in capital allocation and focusing on high cash returns projects above our hurdle rate of midteen Equity IRR. This gives us an opportunity to leapfrog our growth ambitions. JSW Energy remains focused to pursuing value-accretive opportunities that support our ambitious growth objectives in the power sector.' JSW Energy is primarily engaged in the business of generation of power, with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh), and Salboni (West Bengal). The company's consolidated net profit marginally increased to Rs 853.25 crore in Q2 FY25 as against Rs 850.16 crore posted in Q2 FY24. Net sales marginally declined to Rs 3,237.66 crore in Q2 FY25 from Rs 3,259.42 crore reported in Q2 FY24. Powered by Capital Market - Live

JSW Energy Ltd rose 6.42% today to trade at Rs 665.15. The BSE Power index is up 0.32% to quote at 7009.82. The index is down 6.41 % over last one month. Among the other constituents of the index, Siemens Ltd increased 0.89% and Adani Power Ltd added 0.7% on the day. The BSE Power index went up 20.47 % over last one year compared to the 8.86% surge in benchmark SENSEX. JSW Energy Ltd has added 1.6% over last one month compared to 6.41% fall in BSE Power index and 1.46% drop in the SENSEX. On the BSE, 50225 shares were traded in the counter so far compared with average daily volumes of 1.2 lakh shares in the past one month. The stock hit a record high of Rs 804.95 on 24 Sep 2024. The stock hit a 52-week low of Rs 404 on 02 Jan 2024.Powered by Capital Market - Live