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

The company has signed PPAs for two hybrid projects, each with a capacity of 600 MW, totalling 1,200 MW. JSW Renew Energy Six and JSW Renew Energy Thirty are the step-down subsidiaries of JSW Energy. These agreements are set for a 25-year period at a tariff of Rs 3.60 per kWh. The projects are expected to be commissioned within 24 months and will be connected to STU in Maharashtra. Currently, the company has a project pipeline of 8.3 GW, with PPAs signed for 4.4 GW,' JSW Energy stated in an exchange filing. JSW Energy has total locked-in generation capacity of 18.2 GW comprising of 7.7 GW operational, 2.1 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 GW. The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. 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 scrip declined 0.64% to currently trade at Rs 672.50 on the BSE. Powered by Capital Market - Live

JSW Renew Energy Six and JSW Renew Energy Thirty, stepdown subsidiaries of JSW Energy, have signed Power Purchase Agreements (PPAs) with Maharashtra State Electricity Distribution Company (MSEDCL) for STU-connected Solar-Wind Hybrid Capacity. The company has signed PPAs for two hybrid projects, each with a capacity of 600 MW, totalling 1,200 MW. The Letters of Award for these projects were received on August 29, 2024, and September 10, 2024, respectively. These agreements are set for a 25-year period at a tariff of Rs 3.60/kWh. The projects are expected to be commissioned within 24 months and will be connected to STU in Maharashtra. Currently, the company has a project pipeline of 8.3 GW, with PPAs signed for 4.4 GW. JSW Energy has total locked-in generation capacity of 18.2 GW comprising of 7.7 GW operational, 2.1 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 GW. 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 marks the company's first PPA for a wind-solar hybrid capacity,' the Mumbai-based entity said in a statement. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.27 per kWh. The project is expected to be commissioned within 24 months and will be connected to the state transmission utility (STU) in Gujarat. The company currently has a project pipeline capacity of 8.3 GW with PPA signed for 3.2 GW. JSW Energy has total locked-in generation capacity of 18.2 GW comprising of 7.7 GW operational, 2.1 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 GW. The company also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. 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. Powered by Capital Market - Live

JSW Renew Energy Seventeen, a stepdown subsidiary of JSW Energy, has signed Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for STU-connected 192 MW Wind-Solar Hybrid capacity. This marks the Company's first PPA for a wind-solar hybrid capacity. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.27/kWh. The project is expected to be commissioned within 24 months and will be connected to the STU in Gujarat. The company currently has a project pipeline capacity of 8.3 GW with PPA signed for 3.2 GW. JSW Energy has total locked-in generation capacity of 18.2 GW comprising of 7.7 GW operational, 2.1 GW under-construction across wind, thermal and hydro and RE pipeline of 8.3 GW. 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