In Monday’s trading session, shares of one of the leading energy solutions companies, specializing in the generation and distribution of power through a diverse mix of conventional and renewable energy sources, is in focus following the acquisition of Renewable Energy Assets from Hetero group.
Price action
With a market capitalization of Rs. 94,257 crores on Monday, the shares of JSW Energy Limited is down by 2 percent making a low of Rs.527.70 per share compared to its previous closing price of Rs. 539.60 per share.
What Happened
JSW Energy Limited, specializing in the generation and distribution of power through a diverse mix of conventional and renewable energy sources, has announced that its subsidiary, JSW Neo Energy, has completed the acquisition of 125 MW of renewable energy assets from Hetero Labs and Hetero Drugs.
These assets, which consist of wind projects in Andhra Pradesh and Maharashtra, are now held under three special purpose vehicles (SPVs). The transaction, valued at approximately Rs. 630 Crores, enhances JSW Energy’s portfolio, which now boasts a total locked-in capacity of 24.7 GW, comprising a diverse mix of energy sources. The wind projects are supported by long-term power purchase agreements and have an average remaining plant life of around 15 years
About the Company
JSW Energy is a prominent player in the Indian energy sector, focusing on the generation and distribution of power through a diverse mix of conventional and renewable energy sources. A part of the JSW Group, the company operates a robust portfolio of power plants, including thermal, hydro, and renewable energy projects such as wind and solar power.
Q2 FY25 Highlights
JSW Energy achieved a total locked-in capacity of 19.2 GW in Q2 FY25, with 204 MW of wind capacity commissioned during the quarter and 495 MW added in YTD FY25. The company also advanced the 440 MW SECI X Wind Project and began work on a 3,800 TPA green hydrogen supply agreement with JSW Steel, expected to commission by March 2025. Additionally, the 1.0 GWh BESS project is under construction, with commissioning slated for June 2025.
Shareholding Pattern
The ownership structure of JSW Energy Limited is as follows: the promoters hold 69.32 percent, Foreign Institutional Investors (FIIs) own 14.92 percent, Domestic Institutional Investors (DIIs) control 9.78 percent and the public holds 5.98 percent.
Financials
The company’s revenue rose by 2.1 percent from Rs 3,387.36 crore to Rs 3,459.4 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 850.16 crores to Rs 853.25 crore during the same period.
Key Financial ratios
JSW Energy Limited has an Return on Equity (RoE) of 7 percent and a Return on Capital Employed (RoCE) of 7.47 percent. Furthermore, the company’s debt-to-equity ratio is 1.1.
Written by Sridhar J
