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Green energy stock jumps 7% after company to acquire O2 Power

Major renewable energy company acquires a 4.7 GW platform for ₹12,468 crore, enhancing capacity by 23%, ensuring growth, financial stability, and reinforcing its leadership in India’s clean energy sector.
Green energy stock jumps 7% after company to acquire O2 Power
Green energy stock jumps 7% after company to acquire O2 Power

Introduction:

Leading renewable energy company has acquired a 4.7 GW renewable platform for ₹12,468 crore, marking a 23% capacity boost. This strategic move strengthens its clean energy portfolio, promising robust growth, financial stability, and industry leadership.

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Also Read: Stocks in which SBI Group bought more than 5% stake in Q2 to keep on your radar

Share price movement of JSW Energy:

On December 30, 2024, JSW Energy Ltd opened at ₹650.20, up 4.03% from its previous close of ₹625.05. The stock reached a high of ₹673.05 (7.68%) and a low of ₹650.20. By 10:02 AM, it traded at ₹659.45, a 5.50% increase, with a market cap of ₹1,15,256.59 crore.

JSW Energy Acquires O2 Power’s 4.7 GW Renewable Platform:

JSW Energy announced the acquisition of O2 Power’s 4.7 GW renewable energy platform for ₹12,468 crore. This deal enhances JSW’s renewable capacity by 23%, bolstering its position in India’s clean energy sector with significant growth potential.

The platform includes 2,259 MW of operational capacity and 2,437 MW under development, set for completion by 2027. With industry-leading offtaker agreements and a blended tariff of ₹3.37/KWh, the acquisition ensures strong financial performance and sustainable growth.

This strategic move adds experienced leadership, skilled workforce, and synergies in operations across five states. JSW Energy projects steady-state EBITDA of ₹3,750 crore and an equity IRR exceeding 17%, solidifying its renewable energy leadership.

Recent news on JSW Energy:

On December 27, 2024, JSW Energy announced Feby Koshy’s appointment as Executive Vice President – Head of Thermal, effective December 30. With 32 years of experience, Koshy returns to JSW Energy. Additionally, Birendra Pandey resigned as Head of International Business Development.

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

JSW Energy’s stock showed mixed performance, with a 5.14% dip over the past week and a 14.6% drop in six months. However, it delivered an impressive 53% growth over the last year, showcasing long-term resilience.

Also Read: Navratna stocks with low debt to keep an eye on

Shareholding pattern of JSW Energy:

All values in %Sep 2024Jun 2024Mar 2024
PromoterPromoter69.30%69.30%73.70%
FIIFII14.90%15.40%8.40%
DIIDII9.80%9.20%9.50%
PublicPublic5.80%5.90%8.20%
OthersOthers0%0.20%0.20%
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About JSW Energy:

JSW Energy Ltd (NSE: JSWENERGY) is one of India’s leading power companies, operating 4.6 GW capacity. With innovative practices, strategic diversification, and robust governance, it ensures sustainable growth while setting benchmarks in the energy sector.

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.

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