JSW Energy Ltd (JSWENERGY)

JSW Energy's FII Holdings Increase in April 2024 - 14 May, 2024

Foreign institutional investors' holdings in JSW Energy increased to 9.96% in April 2024 from 5.02% in March 2024, representing a growth of 4.94%. However, the company's Q4 FY23-24 revenue fell by nearly 39%, and it reported a net loss of Rs. 82 crore.

JSW Energy Stock Expected to See Moderate Decline Before Resuming Bull Trend - 11 May, 2024

JSW Energy's stock saw an 11% decline last week but is expected to find support at the ₹500-525 price band. Analysts predict a possible further moderation to ₹525 before resuming the broader bull trend, making it a good time for participants to go long on the stock.

JSW Energy's Market Cap Drops by ₹187b - 10 May, 2024

Private companies and institutions with a significant stake in JSW Energy are disappointed as the company's market cap drops by ₹187b. The top 4 shareholders control roughly 54% of the company, suggesting significant influence on the business.

JSW Energy Diversifies Amid Strong Q4 Results - 09 May, 2024

JSW Energy reported a strong Q4 with a 29.15% YoY profit increase and board approval to raise another Rs 10,000 crore. The company is diversifying into manufacturing and aiming to scale up capacity to 20 GW by 2030. However, the stricter project finance rules proposed by RBI may impact tariffs.

JSW Energy Reports Strong Q4 Results and Plans Fund Raising - 08 May, 2024

JSW Energy reported strong Q4 results with a 29.15% YoY jump in consolidated net profit to Rs 351.34 crore. The company plans to raise funds up to Rs 10,000 crore to achieve its 20 GW capacity target by 2030. Jefferies maintains a buy rating on the stock with a target price of Rs 690.

JSW Energy Plans Fund Raise of Up to Rs 10,000 Crore - 07 May, 2024

JSW Energy plans to raise funds upto Rs 10,000 crore for clean energy acquisitions. The company reported a consolidated net profit rise of 22.4% YoY in the March quarter, with an increase in revenue and EBITDA. The board approved a dividend of Rs 2 per share.

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.