Introduction:
Green energy stock reaches a new milestone as its subsidiary receives an award for a 400 MW solar power project from NTPC. This initiative boosts its portfolio and contributes significantly to its goal of expanding its renewable energy footprint.
Share Price movement of JSW Energy:
As of today, December 9, 2024, JSW Energy’s Ltd (NSE : JSWENERGY) stock opened at ₹684.90, peaking at ₹688.00, and dipped to a low of ₹675.55. The stock currently stands at ₹676.20, marking a 0.27% increase from the previous close of ₹674.35, with a market cap of ₹118,184.10 crores.
JSW Energy share price rise:
On December 6, 2024, JSW Neo Energy Limited, a subsidiary of JSW Energy, received a Letter of Award from NTPC for a 400 MW ISTS-connected Solar Power Project. This project is part of a larger initiative for 1,500 MW ISTS-connected solar projects, enhancing JSW’s portfolio.
Following this award, JSW Energy’s total generation capacity has reached 19.6 GW, with solar projects contributing 4.4 GW. The company aims to expand its operational capacity to 10 GW by FY 2025 from the current 7.7 GW across thermal, hydro, and renewable sources.
JSW Energy also focuses on expanding its energy storage capacities, currently holding 16.2 GWh, with plans to increase to 40 GWh by 2030. They are targeting a generation capacity of 20 GW and aim for carbon neutrality by 2050, demonstrating commitment to sustainable growth.
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Recent news About JSW Energy:
JSW Energy announced plans to enhance its energy storage capabilities, targeting a capacity of 40 GWh by 2030. This initiative underscores its strategic shift towards sustainability and aims to bolster its position in the renewable energy market.
Stock performance of JSW Energy for Period of 1 week, 6 months and 1 year:
Over the past week, JSW Energy’s stock has climbed by 4.45%. Over the last six months, it has seen a moderate gain of 3.71%. Impressively, the stock has surged by 49.3% over the past year, showcasing robust long-term performance.
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Shareholding pattern of JSW Energy:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 69.32 | 69.32 | 73.67 |
| FII | 14.92 | 15.37 | 8.37 |
| DII | 9.78 | 9.21 | 9.5 |
| Retail & others | 5.96 | 6.09 | 8.45 |
About JSW Energy:
JSW Energy Ltd. is a major player in the Indian energy sector, focusing on generating, trading, and selling power. Its diverse portfolio includes thermal, hydro, and renewable energy sources, aiming to expand sustainable energy solutions across the nation.
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.
