JSW ENERGY LTD.
NSE : JSWENERGYBSE : 533148ISIN
CODE : INE121E01018Industry : Power Generation/DistributionHouse
: Om Prakash Jindal
BSE597.504.6 (+0.78 % )
PREV CLOSE (Rs.) 592.90
OPEN PRICE (Rs.) 593.05
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 12206
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE597.75 3.85 (+0.65 % )
PREV CLOSE(Rs.) 593.90
OPEN PRICE (Rs.) 593.75
BID PRICE (QTY) 597.75 (682 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 234551
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 09-May-2024 | JSW Energy falls despite reporting 22% rise in Q4 consolidated net profit | <p style="text-align: justify;">JSW Energy is currently trading at Rs. 541.10, down by 16.05 points or 2.88% from its previous closing of Rs. 557.15 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 567.90 and has touched a high and low of Rs. 583.00 and Rs. 533.40 respectively. So far 262392 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.55 on 22-Apr-2024 and a 52 week low of Rs. 240.00 on 24-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 646.45 and Rs. 533.40 respectively. The current market cap of the company is Rs. 94082.38 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 22.65% and 8.03% respectively.</p><p style="text-align: justify;">JSW Energy has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p><span style="text-align: justify;">The company has reported over 2-fold jump in its net profit at Rs 342.22 crore for the quarter under review as compared to Rs 131.62 crore for the same quarter in the previous year. However, total income of the company decreased by 24.04% at Rs 1,289.13 crore for Q4FY24 as compared Rs 1,697.02 crore for the corresponding quarter previous year.</span></p><p><span style="text-align: justify;">On consolidated basis, the company has reported 22.42% rise in its net profit at Rs 345.27 crore for fourth quarter ended March 31, 2024 as compared to Rs 282.03 crore for the same quarter in the previous year. Total income of the company increased by 2.62% at Rs 2,879.35 crore for Q4FY24 as compared Rs 2,805.72 crore for the corresponding quarter previous year. </span></p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 33.64% rise in net profit at Rs 950.22 crore as compared to Rs 711.02 crore for the previous year. However, total income of the company decreased by 11.29% at Rs 5,339.49 crore for year under review as compared to Rs 6,019.08 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 16.52% rise in its net profit at Rs 1,724.65 crore as compared to Rs 1,480.12 crore for the previous year. Total income of the company increased by 9.89% at Rs 11,941.34 crore for year under review as compared to Rs 10,867.05 crore for year ended March 31, 2023.</p> |
| 08-May-2024 | JSW Energy gets nod to raise Rs 10,000 crore | <p style="text-align: justify;">JSW Energy has received approval for raising of funds not exceeding Rs 10,000 crore in one or more tranches, through the issuance of eligible securities of the Company by way of private offerings and / or on a preferential allotment basis and / or a qualified institutions placement or any other method or combination thereof as may be permitted under applicable laws, subject to such regulatory / statutory approvals, as may be required. The Board of Directors of the company at its meeting held on May 7, 2024 has, inter-alia approved the same. </p><p style="text-align: justify;">JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.</p><div style="text-align: justify;"><br></div> |
| 08-May-2024 | JSW Energy reports 22% rise in Q4 consolidated net profit | <p style="text-align: justify;">JSW Energy has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported over 2-fold jump in its net profit at Rs 342.22 crore for the quarter under review as compared to Rs 131.62 crore for the same quarter in the previous year. However, total income of the company decreased by 24.04% at Rs 1,289.13 crore for Q4FY24 as compared Rs 1,697.02 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 22.42% rise in its net profit at Rs 345.27 crore for fourth quarter ended March 31, 2024 as compared to Rs 282.03 crore for the same quarter in the previous year. Total income of the company increased by 2.62% at Rs 2,879.35 crore for Q4FY24 as compared Rs 2,805.72 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 33.64% rise in net profit at Rs 950.22 crore as compared to Rs 711.02 crore for the previous year. However, total income of the company decreased by 11.29% at Rs 5,339.49 crore for year under review as compared to Rs 6,019.08 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 16.52% rise in its net profit at Rs 1,724.65 crore as compared to Rs 1,480.12 crore for the previous year. Total income of the company increased by 9.89% at Rs 11,941.34 crore for year under review as compared to Rs 10,867.05 crore for year ended March 31, 2023.</p> |
| 08-May-2024 | JSW Energy moves up on getting nod to raise Rs 10,000 crore | <p style="text-align: justify;">JSW Energy is currently trading at Rs. 588.55, up by 4.70 points or 0.81% from its previous closing of Rs. 583.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 594.85 and has touched a high and low of Rs. 618.00 and Rs. 584.30 respectively. So far 172207 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.55 on 22-Apr-2024 and a 52 week low of Rs. 240.00 on 24-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 646.45 and Rs. 580.00 respectively. The current market cap of the company is Rs. 102864.91 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 22.65% and 8.03% respectively.</p><p style="text-align: justify;">JSW Energy has received approval for raising of funds not exceeding Rs 10,000 crore in one or more tranches, through the issuance of eligible securities of the Company by way of private offerings and / or on a preferential allotment basis and / or a qualified institutions placement or any other method or combination thereof as may be permitted under applicable laws, subject to such regulatory / statutory approvals, as may be required. The Board of Directors of the company at its meeting held on May 7, 2024 has, inter-alia approved the same. </p><p style="text-align: justify;">JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.</p><div style="text-align: justify;"><br></div> |
| 07-May-2024 | Allotment of Equity Shares | Inter alia, approved:- 1. Dividend for the Financial Year 2023-24 Recommended a dividend of Rs. 2 per Equity Share of Rs. 10 (20 %) to the Members of the Company for declaration at the forthcoming 30th Annual General Meeting. In terms of Regulation 30 of the Listing Regulations, please note that the dividend recommended as above, if declared by the Members of the Company at the forthcoming 30th Annual General Meeting, shall be paid within 30 days from the date of the Annual General Meeting, subject to deduction of tax at source as applicable. 2. Fund Raising Approved raising of funds not exceeding Rs. 10,000 Crores (Rupees Ten Thousand Crores Only) in one or more tranches, through the issuance of eligible securities of the Company by way of private offerings and / or on a preferential allotment basis and / or a qualified institutions placement or any other method or combination thereof as may be permitted under applicable laws, subject to such regulatory / statutory approvals, as may be required. It is proposed to seek an enabling approval from the Members at the ensuing Annual General Meeting to raise funds not exceeding Rs. 10,000 Crores, as and when required. The Finance Committee of the Board has been authorized to take all the necessary decisions in this regard. 3. Alteration in the Object clause of the Memorandum of Association (MoA) Approved an alteration of the Main Objects of the MoA, subject to Members? approval, in order to broad-base the Objects Clause of the MoA to provide more clarity and specific details encompassing the terminologies of the non-conventional / renewable energy businesses, to mention newer areas of business related to the energy sector and to cover in general the main objects / areas of business in which the subsidiaries of the Company are engaged or the new non-conventional energy business to be entered into like energy storage, renewable equipment like photo voltaic panels or wind turbine generators, ebatteries, green hydrogen, battery cell, battery module, battery packs for all kinds of transportation including electric vehicles, etc. 4. Decided to convene the 30th Annual General Meeting of the Members of the Company on Friday, 28th June, 2024 to consider, among other things, raising of funds and alteration of the Objects Clause of the MoA |
| 30-Apr-2024 | Dividend Announcement | Dividend & Audited Results & Inter alia, to consider and approve:- 1. raising of funds through the issuance of eligible securities of the Company by way of private offerings and / or on a preferential allotment basis and / or a qualified institutions placement or any other method or combination thereof as may be permitted under applicable laws, subject to such regulatory / statutory approvals, as may be required. |
| 22-Apr-2024 | JSW Energy's arm gets LoA for 700 MW ISTS connected solar power project from NTPC | <p style="text-align: justify;">JSW Energy's wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) for setting up 700 MW ISTS connected Solar Power Project from NTPC against Tariff based Competitive Bid invited for setting 1,500 MW ISTS-connected Solar Power Projects (NTPC-ISTS-II).</p><p style="text-align: justify;">Subsequent to this, the Company's total locked-in generation capacity increases to 13.3 GW of which 3.1 GW comprises of Solar power. The Company's current installed generation capacity is 7.2 GW and expects to have 9.8 GW of installed capacity by CY24.</p><p style="text-align: justify;">JSW Energy has total locked-in generation capacity of 13.3 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for 3.4 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN, Gujarat Urja Vikas Nigam and NTPC. In addition, the company has 3.4 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.</p><p style="text-align: justify;">JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.</p> |
| 22-Apr-2024 | JSW Energy rises as its arm gets LoA for 700 MW ISTS connected solar power project from NTPC | <p style="text-align: justify;">JSW Energy is currently trading at Rs. 633.55, up by 7.20 points or 1.15% from its previous closing of Rs. 626.35 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 651.55 and has touched a high and low of Rs. 651.55 and Rs. 631.30 respectively. So far 50718 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 651.55 on 22-Apr-2024 and a 52 week low of Rs. 240.00 on 24-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 651.55 and Rs. 567.05 respectively. The current market cap of the company is Rs. 109471.48 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 22.65% and 8.03% respectively.</p><p style="text-align: justify;">JSW Energy's wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) for setting up 700 MW ISTS connected Solar Power Project from NTPC against Tariff based Competitive Bid invited for setting 1,500 MW ISTS-connected Solar Power Projects (NTPC-ISTS-II).</p><p style="text-align: justify;">Subsequent to this, the Company's total locked-in generation capacity increases to 13.3 GW of which 3.1 GW comprises of Solar power. The Company's current installed generation capacity is 7.2 GW and expects to have 9.8 GW of installed capacity by CY24.</p><p style="text-align: justify;">JSW Energy has total locked-in generation capacity of 13.3 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for 3.4 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN, Gujarat Urja Vikas Nigam and NTPC. In addition, the company has 3.4 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.</p><p style="text-align: justify;">JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.</p><div style="text-align: justify;"><br></div> |
| 13-Apr-2024 | JSW Energy's step-down acquires Wind based Renewable Energy Project from Reliance Power | <p style="text-align: justify;">JSW Energy's step-down subsidiary -- JSW Renewable Energy (Coated) has acquired 45 MW of Wind based Renewable Energy Project from Reliance Power located at Jath, Sangli District, Maharashtra. In accordance with the company's prior announcement on March 22, 2024, of the signing of the Business Transfer Agreement, the aforesaid transaction is now closed after obtaining the necessary customary approvals. </p><p style="text-align: justify;">JSW Energy has total locked-in generation capacity of 12.5 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for 2.7 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN and GUVNL. In addition, the company has 3.4 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.</p><p style="text-align: justify;">JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.</p><div style="text-align: justify;"><br></div> |
| 08-Apr-2024 | Tata Steel, Titan Company and Vodafone Idea to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Tata Steel</span>'s Indian business has registered 4.47% rise in output at 5.38 million tons (MT) in Q4FY24 as compared to 5.15 MT it had produced during Q4FY23. Its deliveries report marginal rise to 5.41 MT in the Q4FY24 period from 5.15 MT a year ago. In full year, its production stood at 20.76 MT, while deliveries stood at 19.90 MT. </p><p style="text-align: justify;"><span style="font-weight: bold;">Titan Company</span> has registered a revenue growth of 17% Year-on-Year (Y-o-Y) in Q4FY24. A total of 86 stores (net) were added in the quarter. The retail network presence stands at 3,035 stores. Its Jewellery domestic operations grew 19% YoY led by both buyers and same store sales clocking healthy double digit growths. Growth was similar across gold (plain) and studded segments. Tanishq added a new store in Dubai and Chicago (USA) during the quarter. Of the 27 new store additions (net) in India, 11 stores were added in Tanishq and 16 stores were added in Mia.</p><p style="text-align: justify;"><span style="font-weight: bold;">Vodafone Idea</span>'s board has approved issuance of up to 139.54 crore equity shares at Rs. 14.87 each, aggregating to Rs 2,075 crore to Oriana Investments. The Board also approved an increase in Authorised share capital of the company from Rs 75,000 crore to reference to Rs 1 lakh crore.</p><p style="text-align: justify;"><span style="font-weight: bold;">Mahindra EPC Irrigation</span> has been awarded contracts worth around Rs 13.2 crore. The contract is for supply of Micro Irrigation Systems. The order is to be executed within 12 months. </p><p style="text-align: justify;"><span style="font-weight: bold;">JSW Energy</span> has raised Rs 5,000 crore through Qualified Institutions Placement (QIP). The company has raised fund by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. The proceeds from the QIP will further bolster its capital structure, enhance financial flexibility and enable the company to accelerate its ambitious growth plans. The QIP witnessed more than 3.2 times subscription. </p><p style="text-align: justify;"><span style="font-weight: bold;">Dalmia Bharat</span>'s wholly owned subsidiary -- Dalmia Cement (Bharat) (DCBL) has entered into Share Purchase Agreement (SPA), Deed of Accession (DOA) and Power Purchase Agreement (PPA) on April 5, 2024, to acquire 18.13% of equity share capital of O2 Renewable Energy V, consisting of 68,99,293 equity shares around to Rs 7.80 crore in one or more tranches to source wind power as a captive consumer for a capacity upto 11 MW located in the State of Karnataka.</p><p style="text-align: justify;"><span style="font-weight: bold;">Cochin Shipyard </span>(CSL) has signed the Master Shipyard Repair Agreement (MSRA) with United States Navy. The MSRA is a non-financial agreement and is effective from April 05, 2024. This will facilitate repair of US Naval vessels under Military Sealift Command in CSL. </p> |
