The shares of the leading renewable energy company gained up to 2 percent after the company’s subsidiary received a letter of award for a 250 MW wind power project from Adani Electricity Mumbai Ltd.
With a market capitalization of Rs 1.23 lakh crore, the shares of JSW Energy Ltd were trading at Rs 705.90 per share, increasing around 0.34 percent as compared to the previous closing price of Rs 703.50 apiece.
Reason for Rise:-
According to the company filing, JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Ltd, has received a Letter of Award for setting up a 250 MW Grid-connected Wind Power Project from Adani Electricity Mumbai Limited against a Tariff tariff-based Competitive Bid.
Furthermore, as a result of this capacity award, the Company’s total locked-in generating capacity has risen to 17.0 GW. This contains a total of 4.7 GW of locked-in wind capacity, with 2.0 GW currently installed.
Furthermore, by FY25, the Company aims to have an installed generating capacity of 10 GW, up from 7.5 GW now. This initiative expands the firm’s energy solution capabilities and helps it transition into an energy products and services company.
Meanwhile, JSW Energy 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.
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Financial performance:-
Analyzing a company’s financial performance, revenue fell by 2 percent from Rs 2,928 crore in Q1FY24 to Rs 2,879 crore in Q1FY25, during the same time frame, the company’s net profit zoomed significantly by 84 percent from Rs 290 crore to Rs 534 crore.
Remarkable Return:-
The company has given a return of 35.34 percent in six months and a multi-bagger return of 104.10 percent in a year. If an individual investment of Rs. 1 lakh in the company would be worth Rs. 2.04 lakh in a year.
Company profile:-
JSW Energy Limited generates power using both thermal and renewable sources. Its sectors include Thermal, which generates power from coal and other thermal sources (lignite, gas, and oil) from owned facilities, as well as related auxiliary services.
Written by:- Abhishek Singh
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