A leading energy company is set for its largest Rs. 12,468 crore renewable acquisition, adding 4,696 MW by 2027. Concurrently, it explores EV partnerships with Chinese firms, aiming to finalize plans by 2025. This article delves into these significant developments.
Share Price Movement
The share price of JSW Energy Limited reached an intraday high of 7.7 percent to Rs. 674 per share on Monday, an increase from its previous close of Rs. 625.8 per share. The market capitalisation now stands at approximately Rs. 1,14,347 crore as of December 30, 2024.
Share Price Surge: Why?
JSW Energy is acquiring O2 Power for Rs. 12,468 crore, making it their largest-ever acquisition. This will be done through JSW Neo Energy, a wholly owned subsidiary. This deal will add 4,696 MW of renewable energy capacity to JSW Energy, with 2,259 MW expected to be operational by June 2025 and the rest by June 2027.
JSW Group is discussing potential partnerships with Chinese companies like Geely and BYD to launch electric cars and e-trucks under its own brand. They are considering licensing agreements or technology transfers to build a full-fledged mobility company. Final plans are expected to be confirmed in 2025.
Financial Highlights
According to its recent filing, in the quarter ending September 2024, JSW Energy’s consolidated revenue from operations has decreased by 0.64 percent YOY from Rs. 3,259 crore in Q2 FY24 to Rs. 3,238 crore in Q2 FY25 and increased by 12.1 percent QoQ from Rs. 2,879 crore in Q4 FY24.
The company’s consolidated net profit has increased by 2.33 percent, from Rs. 857 crore in Q2 FY24 to Rs. 877 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 64.2 percent QoQ from Rs. 534 crore.
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Market Outlook
Global energy consumption is steadily rising, driven by Asia and the United States, while Europe sees a decline. Electricity now accounts for 20% of final energy consumption, reflecting a shift towards clean energy. Renewables are projected to contribute up to 85% of global power generation by 2050, supported by advances in solar and nuclear energy. Emerging markets like Africa and the Middle East show rapid growth, while flexible energy systems and long-term storage are critical to ensuring supply stability amidst rising demand.
Shareholding Pattern
As of the September 2024 shareholding pattern, JSW Energy Limited is primarily held by the promoters at 69.32 percent, foreign institutional investors hold 14.92 percent, and the public with 5.81 percent.
About Company
JSW Energy Limited is a major player in India’s energy sector, involved in power generation, transmission, and trading. Founded in 1994, it is part of the JSW Group. The company has been led by CEO Prashant Jain since 2017. It operates in thermal, hydropower, wind, and solar energy, with projects across multiple states. JSW Energy is dedicated to sustainability and global expansion, providing reliable and eco-friendly energy solutions.
Written By Fazal Ul Vahab C H
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