JSW Energy Ltd (JSWENERGY)

JSW Energy May Be Included in Large Cap Category - 30 Apr, 2024

Shares of JSW Energy rose nearly 4% after brokerage Nuvama said AMFI may include the energy major to the large cap category in the forthcoming June rejig. Stocks such as BHEL, Hero MotoCorp, Bosch, NHPC and Samvardhana Motherson International are also expected to be classified as largecaps.

JSW Energy Acquires 1,753 MW of Renewable Assets and Ventures into Green Hydrogen - 25 Apr, 2024

JSW Energy completed the acquisition of 1,753 MW of renewable assets from Mytrah Energy and is venturing into green hydrogen to support green steel production. The stock has given a multibagger return of 554% over the last three years and surged over 140% in the last one year. The board also decided to raise ₹5,000 crore through QIP.

JSW Neo Energy Bids for PLI Scheme - 23 Apr, 2024

JSW Neo Energy, a subsidiary of JSW Energy, has submitted a bid for the government's production-linked incentive scheme to set up a battery manufacturing gigafactory in India.

JSW Energy Subsidiary Secures Solar Project Order from NTPC - 22 Apr, 2024

JSW Energys subsidiary, JSW Neo Energy, secures a 700 MW ISTS-connected solar power project order from NTPC, increasing its total locked-in generation capacity to 13.3 GW with 3.1 GW comprising of solar power. Shares hit a 52-week high but closed lower.

JSW Energy's Arm Wins Arbitration Case Against Tangedco - 19 Apr, 2024

Ind-Barath Energy, a subsidiary of JSW Energy, has won an arbitration case against Tamil Nadu Generation and Distribution Corporation (Tangedco). The tribunal awarded Ind-Barath Energy ₹120 crore along with 9% interest from the date of encashment of performance bank guarantee by Tangedco till payment of the entire amount. Tangedco's counterclaim for recovery of ₹118 crore penalty and ₹200 crore towards termination charges was rejected.

JSW Energy Subsidiary Awarded Recovery Claim Against TANGEDCO - 18 Apr, 2024

JSW Energy's subsidiary, Ind-Barath Energy (Utkal) Ltd, has been awarded a claim for recovery of Rs 120 crore from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) by the arbitral tribunal. The tribunal also rejected TANGEDCO's counterclaim for recovery of Rs 118 crore as penalty and Rs 200 crore towards termination charges.

JSW Energy Acquires Wind Project; Coal-Based Plants Directed to Operate at Full Capacity - 15 Apr, 2024

JSW Energy acquires a wind power project from Reliance Power to expand its renewable energy portfolio. Meanwhile, the Ministry of Power has directed 15 imported coal-based power plants, including JSW Ratnagiri, to operate at full capacity till October 15 to avoid electricity shortage amid rising demand in India.

JSW Energy Sees Share Price Jump and Acquires Renewable Energy Project - 13 Apr, 2024

JSW Energy's share price has jumped 34% in the last month, with EPS expected to grow by 44% next year. The company's subsidiary, JSW Neo Energy, has acquired a 45 MW wind-based renewable energy project from Reliance Power Limited in Maharashtra as part of its goal to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030.

JSW Energy's EPS Declines by 20% Despite Rise in Share Price - 10 Apr, 2024

JSW Energy's weak earnings report has led to a rise in share price, but the company's EPS has declined by 20%, indicating the impact of dilution on shareholders. The expansion of shares on issue by 6.3% over the last year has resulted in net income being split between a greater number of shares.

JSW Energy Completes Rs 5,000 Crore QIP, Plans Capacity Expansion - 09 Apr, 2024

JSW Energy completes a successful Rs 5,000 crore QIP, which was oversubscribed 3.2 times, strengthening its capital structure and enabling ambitious growth plans. The company aims to increase its generation capacity to 20 GW and achieve carbon neutrality by 2050. Stock volumes surged to 3.92 times the two-week average.

JSW Energy Raises Rs 5,000 Crore Through QIP Issue - 08 Apr, 2024

JSW Energy has raised Rs 5,000 crore through a qualified institutional placement (QIP) to fund expansion plans and achieve carbon neutrality by 2050. The company reported Q3 2024 results with revenue of ₹25.4b, up 13% YoY and net income of ₹2.31b, up 29% YoY. JSW Energy's shares hit a record high, climbing 5.63% intraday to Rs 632.35.

JSW Energy Raises INR 5,000 Crore Through QIP - 07 Apr, 2024

JSW Energy has raised INR 5,000 crore through a Qualified Institutional Placement (QIP) to accelerate its growth plans and reach 20 GW generation capacity by 2030. The company aims to achieve carbon neutrality by 2050.

JSW Energy Raises Rs 5,000 Crore Through QIP for Growth Plans - 06 Apr, 2024

JSW Energy has completed a successful Rs 5,000-crore Qualified Institutions Placement (QIP) with strong interest from global investors. The proceeds will be used for the prepayment of debt and investment in JSW Neo Energy. This is the largest primary equity raise in the Indian power sector in the last decade.

JSW Energy to Raise up to Rs 5,000 Crore via QIP - 05 Apr, 2024

JSW Energy plans to raise up to Rs 5,000 crore through qualified institutional placement (QIP) of equity in one or more tranches at a floor price of Rs 510. The fundraise will help reduce the company's consolidated net debt and bring down its debt-to-EBITDA ratio from 4x to about 3.5x. JSW Energy aims to achieve almost 10 GW of capacity by 2024-end with most of the incremental capacity addition in green energy generation.

JSW Energy Plans to Raise Funds Through QIP Process - 03 Apr, 2024

JSW Energy Ltd announces its plan to raise ₹5,000 crore via a Qualified Institutional Placement process and the opening of the QIP program at a floor price of Rs 510.09 per share.

JSW Energy Board Approves Fundraising Plan - 02 Apr, 2024

JSW Energy's board has approved raising up to Rs 5,000 crore through a qualified institutional placement (QIP) in one or more tranches. The company hit a 52-week high at Rs 543.80 on the BSE and closed over 4% higher at Rs 542 on NSE.