{"id":58314,"date":"2022-08-11T14:05:00","date_gmt":"2022-08-11T08:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=58314"},"modified":"2022-08-11T14:01:52","modified_gmt":"2022-08-11T08:31:52","slug":"jsw-energy-soars-17-in-five-days-heres-why","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/jsw-energy-soars-17-in-five-days-heres-why\/","title":{"rendered":"JSW Energy soars 17% in five days, here\u2019s why!"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3283631063\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>JSW Energy on Wednesday said that its wholly owned subsidiary, JSW Neo energy has agreed to acquire solar and wind power assets from Mytrah Energy (India) Pvt Ltd. The deal was struck at an enterprise value of approximately \u20b9 10,530 crores for assets totalling 1753 megawatts (MW).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4195004759\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>KPMG India Services LLP was the transaction advisor to the company, while Khaitan and Co. was the legal advisor.<\/p><p>JSW Energy\u2019s share price has increased by 17.41% in the past five days and by a whopping 38.20% in the past month.<\/p><p>This will be JSW Energy\u2019s biggest acquisition to date, however, it is subject to the approval of the Competition Commission of India (CCI) and other customary approvals. It will propel JSW Energy\u2019s operational generation capacity by over 35% to 6,537MW from 4,784MW.<\/p><div class=\"trade-content_5\" id=\"trade-1303979730\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Mytrah\u2019s portfolio includes 10 wind special purpose vehicles (SPVs) of 1,331MW and seven solar SPVs of 422MW, operating primarily in the southern, western and central parts of India. These assets have long-term power purchase agreements (PPAs) with an average remaining life of 18 years.&nbsp;<\/p><p>Sajjan-Jindal-led JSW Energy said that with 2,500MW of under-construction wind and hydro projects likely to be commissioned in phases over the next 18-24 months, its capacity would increase to 9.1GW, with the share of renewables rising to 65%. Further, it expects to achieve it with the help of its renewable-led capacity growth target of 10GW by FY25, well ahead of timelines.<\/p><p>The company reported strong 1QFY23 results with a 135% YoY profit growth, on the back of higher revenues. Its total revenue climbed 68% YoY (year-on-year) to \u20b9 3,115 crores from \u20b9 1,816 crores in the first quarter of the previous year. Further, its net profit rose to \u20b9 560 crores in Q1 from \u20b9 201 crores in the corresponding quarter last year.&nbsp;<\/p><p>JSW Energy said that it is well positioned to pursue growth backed by one of the strongest balance sheets in the sector and a profitable and cash-generative operating portfolio.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2941968058\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>JSW Energy on Wednesday said that its wholly owned subsidiary, JSW Neo energy has agreed to acquire solar and wind power assets from Mytrah Energy (India) Pvt Ltd. The deal was struck at an enterprise value of approximately \u20b9 10,530 crores for assets totalling 1753 megawatts (MW). KPMG India Services LLP was the transaction advisor [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[4243,4244,4245],"class_list":["post-58314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-is-jsw-energy-a-good-buy","tag-what-jsw-energy-does","tag-why-is-jsw-energy-rising"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JSW Energy soars 17% in five days, here\u2019s why! - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/jsw-energy-soars-17-in-five-days-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JSW Energy soars 17% in five days, here\u2019s why!\" \/>\n<meta property=\"og:description\" content=\"JSW Energy on Wednesday said that its wholly owned subsidiary, JSW Neo energy has agreed to acquire solar and wind power assets from Mytrah Energy (India) Pvt Ltd. The deal was struck at an enterprise value of approximately \u20b9 10,530 crores for assets totalling 1753 megawatts (MW). 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