Green energy stock jumps 6% after it receives order for coal based thermal based power plantGreen energy stock jumps 6% after it receives order for coal based thermal based power plant

Introduction:

Leading energy company has secured a Letter of Award (LoA) from West Bengal State Electricity Distribution Company for a 1,600 MW thermal power plant. This project boosts the company’s total generation capacity to 30 GW, strengthening its position in the sector.

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Share price movement of JSW Energy:

On February 5, 2025, JSW Energy Ltd opened at ₹474.75, up 1.06% from its previous close of ₹469.80. The stock reached a high of ₹501.30 (6.71%) and a low of ₹474.70. By 15:34, it traded at ₹495.00, a 5.36% increase, with a market cap of ₹86,514.54 crore.

JSW Energy Secures 1.6 GW Thermal Plant:

JSW Energy Limited has received a Letter of Award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the development of a 1,600 MW greenfield thermal power plant. The plant will be developed using domestic coal under the SHAKTI B (iv) policy.

This new project, which will consist of two 800 MW units, marks a significant step for JSW Energy, increasing its total generation capacity to 30 GW. The company’s thermal power capacity now stands at 9 GW, reinforcing its strong position in the energy sector.

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With this milestone, JSW Energy is well on track to meet its target of 20 GW generation capacity ahead of the 2030 deadline. The company continues to grow its footprint in the power sector, backed by strategic investments in thermal energy projects.

Recent news on JSW Energy:

As of January 21, 2025, JSW Energy Ltd, through its subsidiary, filed an appeal with the Appellate Tribunal for Electricity (APTEL) against CERC’s rejection of its Battery Energy Storage System (BESS) tariff, seeking a reversal of the decision.

Stock performance of JSW Energy for Period of 1 week, 6 months and 1 year:

JSW Energy Ltd has experienced a decline of 1.06% over the past week. Over the last six months, the stock has dropped by 33.2%, and its one-year return stands at a negative 4.46%.

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Shareholding pattern of JSW Energy:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	69.30%	69.30%	69.30%
FII	14.60%	14.90%	15.40%
DII	10.10%	9.80%	9.20%
Public	5.90%	5.80%	5.90%
Others	0.10%	0.20%	0.20%

About JSW Energy:

JSW Energy Ltd (NSE: JSWENERGY) is a leading private sector power producer in India, part of the USD 24 billion JSW Group. The company has a diverse portfolio of thermal, wind, hydel, and solar power, with a target of 20 GW by 2030.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.