Power stock engaged in the business of generation, transmission, and trading of power jumped 3 percent in the day’s trade upon receiving a new Letter of Intent to set up a 200 MW Wind Solar Hybrid Power Project.
Price Action
With a market capitalization of Rs. 1,27,658 Crores, the shares of JSW Energy Limited were trading at Rs. 731.80 per equity share, up 2.3 percent from its previous day’s close price of Rs. 715.40
What Happened
JSW Energy Limited’s wholly-owned subsidiary Jsw Neo Energy Limited has received a Letter of Intent from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for setting up a 200 MW Wind-Solar Hybrid Power Project for MSEDLs Phase 3 Project.
About the Company
JSW Energy Limited is part of the famous Indian conglomerate group the JSW Group, it is engaged in the business of generation, transmission, and trading of power. The company operates in various Indian states including Karnataka, Tamil Nadu, Maharashtra, Gujarat, and many more.
It has a total locked-in generation capacity of 17.2 GW, comprising 7.5 GW operational, 2.3 GW under construction across wind, thermal, and hydro, and an RE pipeline of 7.3 GW. It also has 4.2 GWh of locked-in energy storage capacity through a battery energy storage system and hydro-pumped storage project
The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030 and expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently
Financials and Ratios
Its revenue from operations declined by 1.65 percent from Rs. 2,928 Crores in Q1FY24 to Rs. 2,879 Crores in Q1FY25, accompanied by profits of Rs. 290 Crores to Rs. 534 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 8.4 percent and a Return on capital employed (ROCE) of 8.6 percent. It has reported a debt-to-equity ratio of 1.52.
Written by: Bharath K.S
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