JSW Energy gains as its arm starts phase-wise commissioning of ISTS-connected Wind Power Project

26 Dec 2023 Evaluate

JSW Energy is currently trading at Rs. 415.45, up by 5.90 points or 1.44% from its previous closing of Rs. 409.55 on the BSE.

The scrip opened at Rs. 417.80 and has touched a high and low of Rs. 421.40 and Rs. 414.55 respectively. So far 108004 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 476.65 on 08-Dec-2023 and a 52 week low of Rs. 204.80 on 27-Feb-2023.

Last one week high and low of the scrip stood at Rs. 445.60 and Rs. 397.70 respectively. The current market cap of the company is Rs. 68344.50 crore.

The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 18.07% and 8.54% respectively.

JSW Energy’s wholly owned step-down subsidiary -- JSW Renew Energy has started phase-wise commissioning of the 810 MW ISTS-connected Wind Power Project awarded under SECI tranche IX in Tamil Nadu with commissioning of the first phase of 51 MW. 

The Project has a power purchase agreement with SECI for a period of 25 years. Subsequent to this, the total current installed capacity becomes 6,822 MW while the under-construction capacity stands at 2,969 MW, which is likely to be commissioned in phases over the next 12 months.

The company has set a target to reach 20 GW generation capacity and 40 GWh of energy storage capacity by 2030. With a total capacity of 9.8 GW the company is well placed to achieve its near-term target of 10 GW by 2025. In addition, the company has currently locked in 3.4 GWh of energy storage capacity by means of battery energy storage system and hydro pumped storage project. JSW Energy has set an ambitious target for 50% reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.

JSW Energy Share Price

561.30 12.85 (2.34%)
15-Jan-2025 16:59 View Price Chart
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