JSW Energy Utkal Ltd signs PPA for 400 MW with Karnataka DISCOMS

JSW Energy (Utkal) Limited ("Utkal"), a subsidiary of JSW Energy Ltd ("the Company"), has signed a Power Purchase Agreement ("PPA") with multiple Karnataka DISCOMs for the supply of 400 MW of power, starting April 1, 2026, for a tenure of 25 years at a tariff of ₹5.78 per kWh.

With this PPA, JSW Energy's open capacity reduces to ~5 per cent of the current operational capacity from about 8 per cent, further strengthening long-term revenue visibility and de-risking the Company's generation portfolio.

JSW Energy's total locked-in generation capacity now stands at 30.5 GW, comprising 13.3 GW of operational capacity, 12.4 GW under construction across thermal and renewable projects, 150 MW of hydro capacity under acquisition, and a 4.6 GW development pipeline. The Company also has 29.4 GWh of locked-in energy storage capacity, including 26.4 GWh of hydro pumped storage projects and 3.0 GWh of battery energy storage systems.

The Company remains committed to its strategic goals of achieving 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030 and is on track to achieve carbon neutrality by 2050.

Shares of JSW Energy Limited was last trading in BSE at Rs. 457.80 as compared to the previous close of Rs. 451.05. The total number of shares traded during the day was 63023 in over 1562 trades.

The stock hit an intraday high of Rs. 459.75 and intraday low of 448.05. The net turnover during the day was Rs. 28721991.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 ElectricUtilities JSWEnergyUtkal PPA KarnatakaDISCOMs