JSW Energy rises as its arm receives LoI from Power Company of Karnataka

JSW Energy is currently trading at Rs. 243.55, up by 2.85 points or 1.18% from its previous closing of Rs. 240.70 on the BSE.

jsw energy in talks to acquire gmrs thermal power plant in odisha
JSW Energy

The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 246.80 and Rs. 241.00 respectively. So far 5887 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 369.00 on 05-Sep-2022 and a 52 week low of Rs. 182.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 250.20 and Rs. 220.65 respectively. The current market cap of the company is Rs. 39587.34 crore.

The promoters holding in the company stood at 74.66%, while Institutions and Non-Institutions held 15.23% and 10.12% respectively.

JSW Energy’s wholly owned subsidiary — JSW Neo Energy (JSW Neo) has received Letter of Intent (LoI) from Power Company of Karnataka (PCKL) for procurement of 2,400 MWh (300 MW x 8hrs) energy storage from Pumped Hydro Storage Project (PSP). The LoI is for providing storage capacity for a period of 40 years. The project would belocated in Karnataka and designed for eight hours storage capacity per day.

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.

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