The shares of a large-cap power stock primarily engaged in the power generation business from its assets located in Maharashtra, Karnataka, Salboni, and Nandyal, were in focus after the company signed a Power Purchase Agreement (PPA) with Amazon for Wind Power.
Share price movement
In Friday’s trading session, the shares of JSW Energy Limited went up 0.20 percent in intra-day touching a high of Rs.494.95 per share, from its previous close of Rs.493.95 apiece. The share has retreated from the day’s high and was trading at Rs. 490.60 per share which is 0.68 percent. It has delivered a negative 1 percent return in the past year and underperformed the Nifty Index.
What happened
JSW Energy’s stock was in focus after the company’s wholly owned subsidiary JSW Neo Energy signed the Power Purchase Agreement (PPA) with Amazon for 180MW of Wind Power.
Further, the company’s Renewable Energy Commercial and Industrial (C&I) capacity stands at 4.0 GW while this comprises 2.7GW of JSW Group’s captive power and Third-party C&I capacity of 1.3GW which includes the pending acquisition of O2 Power’s capacity.
Financial Performance
Its reported financial results for Q3FY25 reveal that revenue from operations was down by 4.08 percent year-on-year from Rs. 2,543 crore in Q3FY24 to Rs.2,439 crore in Q3FY25. Additionally, Profit After Tax (PAT) was down in Q3FY25. It was Rs.232 crore in Q3FY24 to Rs. 157 crore in Q3FY25.
Client Base
The company’s prominent clients include DCM Shriram, Amazon, and Indus Towers under the Commercial and Industrial (C&I) portfolio.
Company Profile
JSW Energy stands as one of India’s foremost power companies, operating an impressive 8.2 GW capacity across the thermal, hydro, wind, and solar energy sources with a locked-in generation capacity of 30GW. They aim to reach 20GW of generation capacity and an Energy Storage capacity and Hydro Pump Storage of 40 GWh before 2030.
Written by – Santhosh S
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