{"id":93401,"date":"2023-03-03T14:35:00","date_gmt":"2023-03-03T09:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=93401"},"modified":"2023-03-03T14:02:58","modified_gmt":"2023-03-03T08:32:58","slug":"energy-stock-jumps-more-than-7-after-it-bags-a-500-mw-battery-energy-storage-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/energy-stock-jumps-more-than-7-after-it-bags-a-500-mw-battery-energy-storage-project\/","title":{"rendered":"Energy stock jumps more than 7% after it bags a 500 MW battery energy storage project\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1719403729\"><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>Shares of JSW Energy appreciated to the tune of 9.08% on Friday\u2019s early trades after the management highlighted that the company has received a letter of acceptance for a 500 MW battery energy storage project in January 2023. Its shares were trading at \u20b9745.00 apiece, up 7.06% at 12:40 PM.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3553326513\"><!-- 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>The Power company said that this is one of the largest such projects based in Rajasthan and that the company plans to get operational in 18 months. The management also said that the company plans to get operational in 18 months. It stated that it could offer the storage mechanism on lease with an expected rental of \u20b9 11 lakh per MW, implying total annual revenues of \u20b9 650 crores.&nbsp;<\/p><p>In another development, the company\u2019s MD and CEO Prashant Jain told CNBC TV-18. \u201cOut of 140 million units sold today, 15 percent market share is ours.\u201d He added that the company has an open capacity of 900 megawatts which it is selling in the merchant market.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JSWENERGY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">JSW Energy<\/a><\/strong> has guided for a net profit of \u20b9 4,800 crores by FY30, and it aims to be a 10-gigawatt company by FY25, so by FY 30, it will be operating at 30 gigawatt.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-293718273\"><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>Prashant Jain added that the company is on course to achieve its FY25 target about a year and a half early. It is also sure of meeting the FY30 target much ahead of time.&nbsp;<\/p><p>JSW Energy is a mid-cap stock with a market capitalization of \u20b9 37,539 crores. It has a return on equity of 10.83% and an ideal debt-to-equity ratio of 0.64. The company\u2019s shares were trading at a price-to-earnings ratio of 18.23, which is higher than the industry average of 17.21, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/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-1402119543\"><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>Shares of JSW Energy appreciated to the tune of 9.08% on Friday\u2019s early trades after the management highlighted that the company has received a letter of acceptance for a 500 MW battery energy storage project in January 2023. Its shares were trading at \u20b9745.00 apiece, up 7.06% at 12:40 PM.&nbsp; The Power company said that [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18625,"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":[6112,6985,6113,1246,4243,6980,6984,6981,6983,6988,6982,6987,6989,6986,948,936,3153,3157,2597,4232,4246,4244,4245],"class_list":["post-93401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-energy-stock","tag-energy-stock-to-buy","tag-energy-stock-to-buy-now","tag-green-energy-stocks-india","tag-is-jsw-energy-a-good-buy","tag-jsw-energy","tag-jsw-energy-deals","tag-jsw-energy-latest-news","tag-jsw-energy-orders","tag-jsw-energy-projects","tag-jsw-energy-share-price","tag-jsw-energy-stock","tag-jsw-energy-upcoming-projects","tag-jsw-group","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-what-is-the-best-green-energy-stock-to-buy-india","tag-what-is-the-future-of-jsw-energy-share","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) - 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