The key equity indices traded with substantial losses in morning trade. The Nifty slipped below the 24,700 level. Metal shares extended losses for the second consecutive trading sessions. At 10:29 IST, the barometer index, the S&P BSE Sensex, declined 352.40 points or 0.43% to 81,780.72. The Nifty 50 index lost 98.25 points or 0.40% to 24,670.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.31% and the S&P BSE Small-Cap index rose 0.38%. The market breadth was strong. On the BSE, 2,313 shares rose and 1,483 shares fell. A total of 155 shares were unchanged. Economy: India's foreign exchange reserves dropped by $3.235 billion to $654.857 billion, a five-month low, for the week ended December 6, data released by the Reserve Bank of India (RBI) revealed on Friday. Foreign currency assets, a major component of the reserves, decreased by $3.228 billion to $565.623 billion for the week ended December 6, 2024, as per the data. Meanwhile, gold reserves dropped by $43 million to $66.936 billion in the week under consideration. The Special Drawing Rights (SDRs) increased by $25 million to $18.031 billion, RBI data showed. India's reserve position with the IMF rose by $12 million to $4.266 billion in the reporting week. Buzzing Index: The Nifty Metal index slipped 0.98% to 9,347.10. The index fell 1.68% in past two consecutive trading sessions. Jindal Steel & Power (down 1.79%), Vedanta (down 1.37%), JSW Steel (down 1.19%), Hindustan Copper (down 1.08%), Ratnamani Metals & Tubes (down 1.08%), National Aluminium Company (down 1.04%), NMDC (down 0.88%), Steel Authority of India (down 0.85%), Tata Steel (down 0.60%) and Hindalco Industries (down 0.50%). Stocks in Spotlight: JSW Energy advanced 2.09% after the company announced that it has secured multiple renewable energy (RE) projects in the commercial and industrial (C&I) power market. GE Power India rallied 3.93% after the company announced that it has received an order worth Rs 18.27 crore from MP Power Generating Company (MPPGCL). Glenmark Pharmaceuticals rose 1.88% after the company announced that its US-based subsidiary, Glenmark Pharmaceuticals Inc., USA, has launched Lacosamide oral solution, in the U.S. market. Powered by Capital Market - Live

The company's locked-in RE C&I capacity stands at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity. Currently, the operational C&I capacity of the company stands at 488 MW. In recent developments, the company's step-down subsidiaries have executed PPAs with DCM Shriram and Indus Towers for the supply of RE power. Subsequent to this, the company's total locked-in generation capacity has increased to 20 GW. Sharad Mahendra, joint managing director and CEO of JSW Energy, said: I am pleased to share that JSW Energy has reached the milestone of being a 20 GW generation platform. As a company specializing in energy products and services, the C&I segment presents exceptional opportunities for a sustainable future.' 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 has secured multiple renewable energy (RE) projects in the Commercial and Industrial (C&I) power market, achieving a total locked-in generation capacity of 20 GW. The company's lockedin RE C&I capacity stands at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity. Currently, the operational C&I capacity of the company stands at 488 MW. In recent developments, the Company's step-down subsidiaries have executed PPAs with DCM Shriram and Indus Towers for the supply of RE power. 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. JSW Energy aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.7 GW of operational capacity spread across thermal, hydro and RE. The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. 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. Powered by Capital Market - Live

This award is part of NTPC's stariff-based competitive bid for 1,500 MW of ISTS-connected solar projects (NTPC-ISTS-III). With this new addition, JSW Energy's total locked-in generation capacity has increased to 19.6 GW, of which 4.4 GW is dedicated to solar projects. JSW Energy aims for a 10 GW operational capacity by FY 2025, currently operating 7.7 GW across thermal, hydro, and renewable energy. The company also has 16.2 GWh of energy storage capacity through battery storage and hydro-pumped storage projects. The company aims to reach 20 GW of generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving carbon neutrality by 2050. 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 added 1.48% to close at Rs 674 on Friday, 6 December 2024.Powered by Capital Market - Live

Net profit of JSW Energy rose 0.36% to Rs 853.25 crore in the quarter ended September 2024 as against Rs 850.16 crore during the previous quarter ended September 2023. Sales declined 0.67% to Rs 3237.66 crore in the quarter ended September 2024 as against Rs 3259.42 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3237.663259.42 -1 OPM %52.0457.69 - PBDT1396.741500.54 -7 PBT1004.931091.86 -8 NP853.25850.16 0 Powered by Capital Market - Live

The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.56/KWh. The project is expected to be commissioned within 24 months. JSW Energy aims to achieve an operational capacity of 10 GW by FY 2025. Currently, the company operates 7.9 GW of capacity across thermal, hydro, and renewable energy sources. Additionally, it has secured 16.2 GWh of energy storage capacity through a battery energy storage system and a hydro pumped storage project. Looking ahead, JSW Energy has set ambitious targets to reach 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030. The company is also committed to achieving carbon neutrality by 2050. 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 power generation company's consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24. However, revenue from operations fell by 1.65% YoY to Rs 2,879.46 crore June 2024 quarter.Powered by Capital Market - Live

JSW Renew Energy Eleven, a step-down subsidiary of JSW Energy, has signed Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI), for ISTS connected 700 MW solar capacity awarded under SECI Tranche XIII. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.56/kWh. The aforesaid project is expected to be commissioned within 24 months. JSW Energy aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.9 GW of operational capacity spread across thermal, hydro and RE. The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. 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 2050Powered by Capital Market - Live

JSW Neo Energy will acquire 3 SPVs, Hetero Wind Power, Hetero Wind Power (Pennar), Hetero Med Solutions from Hetero Labs and Hetero Drugs. Revenue from operations of the said 3 SPVs was Rs 143.5 crore in FY24. JSW Energy NEO will acquire 100% stake in Hetero Wind Power (Pennar) and Hetero Med Solutions, while the company will acquire around 74% stake in Hetero Wind Power where captive consumer will continue to hold approximately 26% shares. The company will acquire 3 SPVs for total consideration of Rs 630 crore, subject to net working capital adjustments and other adjustments at the time of closing. This acquisition would help the company in achieving its targeted growth of 10 GW by FY 2025. The company has set a target to reach 10 GW capacity by FY 2025 and 20 GW capacity before 2030. The transaction envisages a long stop date of 90 days and is subject to fulfilment of conditions precedent as set out in the definitive agreements. JSW Energy is the power utility arm of the JSW Group. The company has its presence in power generation, power transmission, mining and power trading across multiple states. The power generation company's consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24. However, revenue from operations fell by 1.65% YoY to Rs 2,879.46 crore June 2024 quarter. The shares of JSW Energy rose 0.04% to settle at Rs 677.05 on Friday, 18 October 2024.Powered by Capital Market - Live

JSW Neo Energy (JSWNEL), a wholly-owned subsidiary of the Company, has executed definitive agreements on 18 October 2024, to acquire 3 special purpose vehicles (3 SPVs) collectively holding a portfolio of 125 MW of Wind Energy generation capacity from Hetero Labs and Hetero Drugs (Hetero Group). The transaction is subject to receipt of the necessary customary approvals. Upon consummation of the transaction, the 3 SPVs will become subsidiaries of JSWNEL and step-down subsidiaries of the Company. Powered by Capital Market - Live

JSW Energy will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live