Synopsis:
JSW Energy Ltd has secured a long-term 400 MW, 25-year power supply arrangement with Power Company of Karnataka Limited, strengthening revenue visibility and long-term earnings.
A leading power sector player came into focus after announcing a long-term 400 MW, 25-year power supply arrangement with Power Company of Karnataka Limited, highlighting strengthened revenue visibility and long-term earnings stability for its operations.
JSW Energy Ltd, with a market capitalization of Rs. 94,973.74 crore, opened at Rs. 551.25 and touched a high of Rs. 552.95 against a previous close of Rs. 548.65, marking an intraday rise of 0.78 percent.
What’s the News?
JSW Energy (Utkal) Limited (“Utkal”), a subsidiary of JSW Energy Ltd, has received a Letter of Award from Power Company of Karnataka Limited for a 400 MW power supply arrangement over 25 years, effective April 1, 2026. Coal for the project will be sourced from Coal India Limited under the SHAKTI Scheme 2017.
Following regulatory approvals and the signing of the Power Purchase Agreement, 57 percent of Utkal’s total capacity will be committed under this contract, securing long-term earnings visibility.
JSW Energy currently has 30.5 GW of locked-in generation capacity, including 13.2 GW operational, 12.5 GW under construction, 150 MW under acquisition in hydro, and a 4.6 GW pipeline.
The company also holds 29.4 GWh of energy storage capacity via hydro pumped storage (26.4 GWh) and battery energy storage systems (3.0 GWh). JSW Energy aims to reach 30 GW generation capacity and 40 GWh energy storage capacity by FY2030 and achieve Carbon Neutrality by 2050.
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Financial Snapshot – Q1FY26 Results
Quarter-on-Quarter (QoQ): Sales grew from Rs. 3,189 crore to Rs. 5,143 crore, a rise of 61.3 percent. Operating profit rose from Rs. 1,204 crore to Rs. 2,789 crore, up 131.7 percent. Profit before tax increased from Rs. 361 crore to Rs. 1,015 crore, up 181.7 percent, while net profit rose from Rs. 415 crore to Rs. 836 crore, up 101.0 percent.
Year-on-Year (YoY): Sales increased from Rs. 2,879 crore to Rs. 5,143 crore, a growth of 78.6 percent. Operating profit rose from Rs. 1,418 crore to Rs. 2,789 crore, up 96.7 percent. Profit before tax climbed from Rs. 698 crore to Rs. 1,015 crore, a rise of 45.4 percent, while net profit increased from Rs. 534 crore to Rs. 836 crore, up 56.5 percent.
JSW Energy Ltd is set to announce its Q2FY26 results today, with investors closely watching for growth trends in revenue, profits, and operational performance across its diversified power portfolio.
About the Company
JSW Energy Ltd, part of the USD 23 billion JSW Group, is among India’s leading private power producers with diversified assets in thermal, hydro, renewable, and transmission sectors.
Established in 2000 with its first 2×130 MW thermal plants at Vijayanagar, Karnataka, the company has grown its generation capacity to 13.2 GW and is constructing projects worth 12.5 GW.
With strong governance, prudent capital allocation, and a focus on sustainability, JSW Energy aims to achieve 30 GW generation capacity and 40 GWh energy storage capacity by 2030, while targeting Carbon Neutrality by 2050.
Written by Manan Gangwar
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