JSW Energy Faces USD 42 Million Outflows During Nifty Indices Semi-Annual Rebalancing
JSW Energy experiences USD 42 million outflows during today's 3 PM Nifty indices semi-annual rebalancing exercise. The outflows result from the company's position changes during the routine index restructuring process, reflecting mechanical portfolio adjustments by institutional and passive funds to align with revised index composition.
Bernstein Initiates JSW Energy with Outperform Rating, Sets Rs 575 Target Price
Bernstein has initiated coverage on JSW Energy with an Outperform rating and Rs 575 target price. The positive recommendation is based on India's accelerated energy security push following Russia/Iran disruptions, driving electrification focus across thermal, nuclear, storage and grid infrastructure, which benefits diversified power players like JSW Energy.
JSW Energy Expands Renewable Capacity to 12,499 MW, Secures 250 MW Wind PPA
JSW Energy has commissioned 281 MW of renewable energy capacity, increasing its total power generation to 12,499 MW with 55% from renewable sources. The company also signed a 25-year Power Purchase Agreement for a 250 MW wind energy project with Adani Electricity Mumbai Ltd at ₹3.65 per unit. These developments add 531 MW to JSW Energy's renewable portfolio, aligning with its strategy to expand in the clean energy market.
JSW Energy Boosts Portfolio with Strategic Acquisitions, Reports Strong Q4 Performance
JSW Energy completed acquisitions of O2 Power for Rs 12,468.00 crore and KSK Mahanadi Power for Rs 16,084.00 crore, boosting its generation capacity. Q4 results showed 54% increase in generation and 16% rise in net profit to Rs 408.00 crore. JSW Mahanadi achieved 77% PLF within 25 days under new management. The company targets 30 GW capacity by 2030 with Rs 1.30 lakh crore capex plan for FY26-FY30.
16May 25
JSW Energy Unveils Strategy 3.0: Ambitious Targets Set for 2030
JSW Energy has announced its Strategy 3.0, targeting 30 GW of generation capacity and 40 GW hour of energy storage by 2030. The company expects EBITDA growth of 2.70 to 3.00 times over FY '25 levels by FY '30. Near-term plans include a Rs 13,000-14,000 crore capex investment to scale O2 Power's capacity to 4.70 GW by June 2027.
JSW Energy Unveils Ambitious 100 Billion Rupee Fundraising Plan
JSW Energy, a major player in India's power sector, has revealed plans to raise up to 100 billion rupees through the issuance of eligible securities. The company will primarily use Qualified Institutional Placement (QIP) and other appropriate means for this fundraising initiative. This substantial capital raise could potentially fuel expansion opportunities, facilitate debt restructuring, and strengthen JSW Energy's position in the green energy sector.
15May 25
JSW Energy: Q4 Profit Up 16%, ₹10,000 Crore Fundraise Approved
JSW Energy's Q4 consolidated net profit rose 16% to ₹408.00 crore, with revenue up 16% to ₹3,189.00 crore. Full-year revenue increased 6% to ₹12,639.00 crore, while PAT grew 13% to ₹1,951.00 crore. The company approved a ₹10,000.00 crore fundraising plan and a ₹2.00 per share dividend. Having surpassed its 10 GW capacity target, JSW Energy now aims for 30 GW by 2030, focusing on renewable energy growth.
14May 25
JSW Energy to Announce Q4 Results and Consider Dividend on May 15
JSW Energy Ltd has announced a board meeting on May 15, 2023, to approve Q4 and FY23 financial results. The board will also consider dividend recommendations and potential fundraising options. An earnings call is scheduled for 7:00 PM on the same day for investors and analysts.