JSW Energy Ltd (JSWENERGY)

JSW Energy Reports Increase in RE Portfolio and EBITDA - 24 Jul, 2024

JSW Energy has increased its renewable energy portfolio to 10.5GW with an additional 4.6GW expected through PPAs with group companies. Q1FY25 saw a YoY increase of 16% in operating profit (EBITDA) and a profit of INR 5.2bn (+81% YoY). ICICI Securities estimates locked-in EBITDA of INR 82bn for the company's portfolio. Analysts maintain HOLD with revised TP of INR 708.

JSW Energy Among Top Performers in 2024 - 23 Jul, 2024

Shares of JSW Energy have surged over 200% in 2024, making it one of the top performers among power companies. Other top gainers include Adani Power, Coal India, NTPC, and Tata Power.

JSW Neo Energy Secures Major Contracts - 22 Jul, 2024

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has received Letters of Award from KREDL and SECI to set up solar projects. The company's total locked-in generation capacity rises to 16 GW, with the aim of reaching 20 GW before 2030. Jefferies maintains a 'buy' rating on JSW Energy with a target price of Rs. 200. The stock has delivered multibagger returns of nearly 146.3% in one year.

JSW Energy Reports Strong Q1 Results - 19 Jul, 2024

JSW Energy reported a strong Q1 FY25 with an 84% YoY surge in net profit to Rs 534 crore, driven by higher profitability in the thermal and renewable energy businesses. Revenue increased by 1% YoY to Rs 3,043 crore, while EBITDA rose 21% YoY to Rs 1,581 crore.

Renewable Energy Incentives Could Benefit JSW Energy and Other Power Companies - 16 Jul, 2024

Enhanced incentives for renewable energy, including higher viability gap funding for battery storage, offshore wind plants, and solar energy, could benefit power companies like NTPC, Tata Power Company Ltd, JSW Energy, Adani Power, and CESC. Ancillaries such as Suzlon Energy, Inox Wind, and Sterling & Wilson would also benefit. Any steps regarding rooftop solarisation will be positive for Tata Power, Borosil Renewable, and Waaree Renewables.

JSW Energy Reports 64% EBITDA Growth - 15 Jul, 2024

JSW Energy is the only company to report healthy growth, with a 64% increase in EBITDA to Rs 5,380 crore. This growth was driven by acquired assets and higher contribution from merchant sales.

JSW Energy Plans Capex and Eyes Acquisitions; Budget Expected to Boost Power Sector - 08 Jul, 2024

JSW Energy announces plans for a significant capex of Rs 15,000 crore in FY25 and looks towards acquisitions in the power sector. The upcoming budget is expected to address key challenges and boost growth in renewable energy, thermal capacity, and new energy sources.

JSW Energy Plans to Increase Capex for Renewable Energy Expansion - 06 Jul, 2024

JSW Energy plans to increase its capex to Rs 1.15 trillion by 2030 and 40 GWh under Strategy 2.0, with approximately Rs 15,000 crore planned for the current fiscal year. The company recently raised Rs 5,000 crore to fund its renewable energy expansion and is actively seeking acquisition opportunities in the power sector. JSW Energy aims to become a complete energy solutions company, expanding into new forms of renewable energy and equipment manufacturing.

JSW Energy Plans Massive Investment for Renewable Energy Expansion - 05 Jul, 2024

JSW Energy announces plans to invest INR 1.15 trillion in capital expenditure over the next six years to achieve its renewable energy expansion targets. The company also plans to spend INR 15,000 crore this fiscal year and is actively seeking acquisitions in the power sector.

JSW Energy Signs Total PPAs of 2025 MW - 04 Jul, 2024

JSW Energy has signed total PPAs of 2025 MW, focusing on long-term PPA and evaluating technology partners. The company secured almost 30% of the total bidding in Q1 and started project work for pump storage and green hydrogen.

JSW Energy Subsidiary Signs Solar Power Supply Agreement - 01 Jul, 2024

JSW Renew Energy, a subsidiary of JSW Energy, has signed a Power Purchase Agreement with SJVN for 700 MW of solar power in Rajasthan. The company aims to achieve a generation capacity of 20 GW and energy storage capacity of 40 GWh before 2030. Shares rose by over 2%.

JSW Energy Subsidiary Receives Letter of Award for Wind-Solar Hybrid Project - 29 Jun, 2024

JSW Neo Energy, a subsidiary of JSW Energy, has received a letter of award for a 300 MW ISTS-connected wind-solar hybrid power project from SJVN. The company's total locked in capacity increases to 13.9 GW, and it expects to have an installed generation capacity of 9.8 GW by CY24. In Q4 FY24, the firm's consolidated net profit jumped 29.15% YoY.

JSW Neo Energy Signs Multiple PPAs for Wind and Solar Projects - 27 Jun, 2024

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has signed multiple Power Purchase Agreements (PPAs) for wind and solar projects totaling 1,325 MW capacity. The agreements include a 1 GW wind PPA with SECI, which is India's largest wind PPA, and a 300 MW grid-connected solar capacity PPA with GUVNL. These PPAs bring the company's total locked-in generation capacity to 13.6 GW, comprising 7.3 GW operational, 2.6 GW under construction across wind, thermal, and hydro sectors, and a RE pipeline of 3.7 GW (including PPAs for 1.3 GW).

JSW Energy Signs Power Purchase Agreements for 1,325 MW Capacity - 26 Jun, 2024

JSW Energy has signed power purchase agreements for wind and solar projects with a cumulative capacity of 1,325 MW. The company's total locked-in capacity is now at 13.6 GW, accounting for 36% of its pipeline capacity. This move will help JSW Energy fast-track its growth targets of achieving 20 GW capacity before 2030.