JSW Neo Energy Ltd LoA for Additional 500 MW of Wind capacity from SECI - Tranche XVI

JSW Neo Energy Limited (or "JSW Neo"), a wholly owned subsidiary of JSW Energy Limited (or "The Company"), has received Letter of Awards (LoA) for an additional 500 MW of wind capacity under greenshoe option for the SECI Wind Power Projects (Tranche - XVI). Subsequent to this, the cumulative capacity allotted to JSW Neo under SECI Tranche XVI stands at 1,000 MW.

The Company's current installed generation capacity is 7.2 GW, of which 1.6 GW is wind. The Company expects to have 9.8 GW of installed capacity by CY24. With this awarded capacity of 500 MW under SECI Tranche XVI, the Company's total locked-in generation capacity increases to 12.5 GW, of which 4.6 GW will be wind.

JSW Energy has total locked-in generation capacity of 12.5 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for 2.7 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN and GUVNL. In addition, the company has 3.4 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 for 50% reduction in carbon footprint by 2030 and achieving Carbon Neutrality by 2050.

Shares of JSW Energy Limited was last trading in BSE at Rs. 497.60 as compared to the previous close of Rs. 475.85. The total number of shares traded during the day was 152727 in over 3685 trades.

The stock hit an intraday high of Rs. 499.25 and intraday low of 473.00. The net turnover during the day was Rs. 74327505.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 JSWNeoEnergy LOA OrderWIn SECI WindPowerProjects Tranche16