The shares of the leading power generation company gained up to 2 percent after the company is set to build the largest greenfield power plant in Salboni, West Bengal.
Price Movement
With a market capitalization of Rs 89,826.56 crore, the shares of JSW Energy Ltd were trading at Rs 513.95 per share, increasing around 1.18 percent as compared to the previous closing price of Rs 507.95 apiece.
Reason for Rise
The shares of JSW Energy Ltd have seen positive movement after the company announced plans to build the largest greenfield power plant in Salboni, West Bengal, with a total capacity of 1,600 MW. This marks the company’s first major investment in eastern India, following a competitive bidding process and a power purchase agreement (PPA) signed with the West Bengal government.
Sharad Mahendra, Joint MD and CEO of JSW Energy, said that West Bengal’s current per capita power consumption is 650 units per year, nearly half the national average of 1,200 units. Mahendra also added that the state’s power demand is expected to double over the next decade, outpacing the national growth rate.
Financial Growth
Looking forward to the company’s financial performance, revenue decreased by 4 percent from Rs 2,543 crore in Q3FY24 to Rs 2,439 crore in Q3FY25, however, during the same time frame, net profit slipped by 32 percent from Rs 232 crore to Rs 157 crore.
Industry Overview
The power sector is shifting toward energy security and addressing growing base and peak load demands. Integrating intermittent renewable energy now relies on affordable storage solutions. Meanwhile, the RBI forecasts 6.6% GDP growth for the fiscal year, supported by anticipated increases in government spending.
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Acquisitions
The company acquired O2 Power, a 4,696 MW renewable platform, for Rs 12,468 crore, with 2.3 GW operational by June 2025. It also bought a 125 MW wind project from Hetero Labs for Rs 630 crore and received LoI for 3,600 MW KSK Mahanadi Power.
Capacity Expansion
The company is on track to achieve its 10 GW capacity target by FY25, adding 377 MW in Q3. With 7.8 GW under construction beyond this target, its locked-in generation capacity now stands at an impressive 28.3 GW, reflecting strong growth momentum.
Company Profile
JSW Energy Ltd is primarily engaged in the business of generating power from its power assets located in Karnataka, Maharashtra, Nandyal, and Salboni. The company also has a JV company engaged in mining activities and an associate engaged in the manufacturing of turbines.
Written by Abhishek Singh
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