One of the large-cap power stocks engaged in the generation, transmission, and trading of power has jumped 2.09 percent after receiving an order from NTPC Limited for 400 MW for solar power projects and also made an agreement with BARTAP coal mine in Odisha.
Stock Price Movement:
In Monday’s trading session, JSW Energy Limited’s share jumped to an intraday high of 2.09 percent from the previous close of Rs. 674. The stock opened at Rs. 686.85 and is currently trading at Rs. 673, with a high of Rs. 688.10 and a low of Rs. 672. The market capitalization now stands at approximately Rs. 1,17,729.68 crore.
What Happened:
JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has received a letter of award from NTPC Limited for the establishment of a 400 MW solar power project. This project is part of the 1,500 MW ISTS-connected Solar Power Projects (NTPC-ISTS-III).
Additionally, the company subsidiary has successfully secured the BARTAP coal mine in Odisha with an estimated reserve of 1,600 MT. The coal mine/block development and production agreement was executed on December 5, 2024.
Future Outlook:
JSW Energy currently operates a 7.9 GW capacity through its thermal, hydro, and renewable energy plants. The company plans to expand this capacity to 10 GW by 2025. It also maintains 16.2 GWh of storage capacity, utilizing both batteries and hydro-pumped storage.
Looking ahead, JSW Energy targets 20 GW of generation capacity and 40 GWh of storage by 2030. The company is committed to achieving carbon neutrality by 2050.
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Recent quarter results and ratios:
The company’s revenue has decreased from Rs. 3,259 crore in Q2 FY24 to Rs. 3,238 crore in Q2 FY25, which is down by 0.64 percent YOY. The net profit of JSW Energy Limited has also grown by 2.33 percent, from Rs. 857 crore in Q1 FY24 to Rs. 877 crore in Q1 FY25.
JSW Energy Limited’s revenue and net profit have grown at a CAGR of 4.68 percent and 20.32 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 8.59 percent and 8.40 percent, respectively. The debt-to-equity ratio of the company is to be 1.10, and EPS is to be Rs. 11.4.
Company Overview:
JSW Energy Limited was a leading private-sector power producer in India and part of the USD 24 billion JSW Group and operates across the power sector with diversified assets in generation and transmission. Since its inception in 2000, the company has grown its capacity from 260 MW to 7,740 MW, including thermal, wind, hydel, and solar power.
Written By – Nikhil Naik
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