Introduction:
Leading energy firm has secured a Letter of Intent for the resolution plan of KSK Mahanadi Power Company, gaining control over a 3,600 MW thermal power plant in Chhattisgarh. This acquisition significantly boosts its generation capacity and future growth prospects.
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Share price movement of JSW Energy:
On January 14, 2025, JSW Energy Ltd opened at ₹528.15, up 1.95% from its previous close of ₹518.05. The stock reached a high of ₹555.50 (7.22%) and a low of ₹527.00. By 3:16 PM, it traded at ₹547.60, a 5.70% increase, with a market cap of ₹95,707.80 crore.
JSW Energy Secures 3.6 GW Power Plant:
JSW Energy Limited has received a Letter of Intent (LoI) from the Resolution Professional for its resolution plan on KSK Mahanadi Power Company Limited (KMPCL). This comes after approval from the Committee of Creditors under the Insolvency and Bankruptcy Code, 2016.
KMPCL operates a 3,600 MW thermal power plant in Chhattisgarh, with 1,800 MW already operational. The remaining 1,800 MW is under construction, with one unit 40% complete and the remaining units’ infrastructure in place for future expansion.
With the acquisition, JSW Energy’s locked-in thermal generation capacity reaches 7.5 GW, contributing to its total generation capacity of 28.2 GW. The company is on track to meet its 20 GW target by 2030 and is committed to achieving net zero emissions by 2050.
Recent news on JSW Energy:
As of December 30, 2024, JSW Energy announced plans to acquire a 100% stake in O2 Power Midco Holdings and its subsidiaries, with a combined renewable energy portfolio of 4.7 GW in India. The stock rose 8%, reaching ₹673.05.
Stock performance of JSW Energy for Period of 1 week, 6 months and 1 year:
JSW Energy Ltd has seen a decline of 13.1% over the past week and 27.4% over the last six months. However, the stock has shown a positive return of 9.36% over the past year, reflecting a mixed performance.
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Shareholding pattern of JSW Energy:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 69.30% | 69.30% | 73.70% |
| FII | 14.90% | 15% | 8.40% |
| DII | 9.80% | 9.20% | 9.50% |
| Public | 5.80% | 5.90% | 8.20% |
| Others | 0.20% | 0.20% | 0.20% |
About JSW Energy:
JSW Energy Limited (NSE: JSWENERGY) is a leading player in the Indian energy sector, focusing on renewable energy development. The company is expanding its portfolio with the acquisition of O2 Power Midco Holdings, adding 4.7 GW of renewable capacity.
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.
