JSW Energy turns green on the bourses

JSW Energy is currently trading at Rs 40.45, up by 0.30 points or 0.75% from its previous closing of Rs 40.15 on the BSE.

The scrip opened at Rs 40.00 and has touched a high and low of Rs 40.50 and Rs 39.10 respectively. So far 75529 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 101.65 on 04-Jan-2011 and a 52 week low of Rs 39.15 on 22-Nov-2011.

Last one week high and low of the scrip stood at Rs 44.00 and Rs 39.10 respectively. The current market cap of the company is Rs 6584.82 crore.

The promoters holding in the company stood at 76.72% while Institutions and Non-Institutions held 9.90% and 13.38% respectively.

Jaigad Power Transco (JPTL), a joint venture between JSW Energy and MahaTransco has commissioned its 400 kV Intra-State Power Transmission project in Maharashtra. This Transmission System consisting of 400kV Double Circuit Jaigad - New Koyna and Jaigad - Karad transmission lines will facilitate evacuation of power from 1200 MW Jaigad Power Project as well as other power generation projects planned in the region and also transfer power from predominantly generation node at New Koyna to load centre at Karad. The Transmission system has power evacuation capacity of about 2,500 MW to 3,000 MW.

The project was set up in two phases - Jaigad-New Koyna Transmission line having route length of 55 kms and circuit length of 110 kms was completed last year while the Jaigad-Karad Transmission line with route length of 110 kms and circuit length of 220 kms has been completed recently.

This joint venture for development of Transmission Lines in Maharashtra is a unique example of Public Private Partnership in Transmission Business - where JSW Energy holds 74% and MahaTransco holds 26% equity and it is a pioneering effort by JSW Energy and MahaTransco to facilitate power evacuation from the upcoming power projects in Maharashtra. MahaTransco becomes the first State Transmission Utility (STU) in India to promote this participative approach for development of power transmission system.

The 400kV Jaigad - New Koyna Transmission Line was completed in a record duration of less than 24 months and 400 kV Double Circuit (Quad) Jaigad -Karad Transmission Line was completed in less than 39 months. JPTL has been awarded the Transmission License by Maharashtra Electricity Regulatory Commission (MERC) in February 2009, which empowers the company to establish and operate this Intra-State Transmission system for next 25 years.

Both the Transmission Lines are presently transmitting/ evacuating power generated at 1200 MW Jaigad Thermal Power Plant to Maharashtra Grid and with commissioning of this Intra -state Transmission system, the region gets integrated with the EHV Transmission System of Maharashtra, augmenting transfer of power between New Koyna, a generation node and Karad, a load centre.