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Stock Report
JSW Energy reaches 20 GW Locked in Capacity, Secures 445 MW of C&I projects
Posted On : 2024-12-16 20:14:50( TIMEZONE : IST )
JSW Energy ("The Company"), 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 Ltd and Indus Towers Ltd 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.
Mr. 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. Our recent partnerships underscore our execution capabilities and commitment to supplying sustainable energy. By leveraging our expertise, we provide bespoke solutions, ensuring both value and reliability for our partners' energy demands while reducing carbon footprints."
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.
Shares of JSW Energy Limited was last trading in BSE at Rs. 688.10 as compared to the previous close of Rs. 678.45. The total number of shares traded during the day was 80116 in over 2766 trades.
The stock hit an intraday high of Rs. 699.30 and intraday low of 683.05. The net turnover during the day was Rs. 55356011.00.
