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JSW Energy: Stock jumps after receiving LoA from Power Company of Karnataka

JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Ltd, received an LoA from PCKL for 400 MW power supply, ensuring long-term capacity and earnings stability.

Introduction

Leading energy company has secured a Letter of Award from Power Company of Karnataka Limited for a 400 MW, 25-year power supply under the SHAKTI Scheme 2017.

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Share price movement of JSW Energy

On October 17, 2025, JSW Energy Ltd opened at ₹551.25, up 0.47% from its previous close of ₹548.65. The stock reached a high of ₹552.95 (0.78%) and a low of ₹541.80. By 10:39 AM, it traded at ₹542.50, down 1.12%, with a market cap of ₹94,816.44 crore.

JSW Energy Utkal Receives 400 MW LoA

JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Ltd, has received a Letter of Award from Power Company of Karnataka Limited for a 400 MW power supply.

The agreement covers a 25-year power supply starting April 1, 2026. Coal for this project will be sourced from Coal India Limited under the SHAKTI Scheme 2017.

After regulatory approval and signing of the Power Purchase Agreement, 57% of Utkal’s capacity will be tied up. JSW Energy targets 30 GW capacity and 40 GWh energy storage by FY 2030.

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

JSW Energy Ltd delivered a 0.48% return over the past week and gained 8.01% in the past six months. However, the stock declined by 18.9% over the past year.

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Shareholding pattern of JSW Energy

ParticularsJun 2025Mar 2025Dec 2024
Promoter69.30%69.30%69.30%
FII12.40%13.40%14.60%
DII11.40%10.90%10.10%
Public7%6.20%5.90%

About JSW Energy

JSW Energy Ltd (NSE: JSWENERGY) is a leading private power producer in India, part of the USD 23 billion JSW Group, operating across power generation, transmission, and infrastructure sectors.

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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.

FAQs

Q: Why is JSW Energy share price going up today?

A: JSW Energy share price is rising after JSW Energy (Utkal) received a 400 MW LoA from Power Company of Karnataka.

Q: What does JSW Energy Ltd specialize in?

A: JSW Energy Ltd specializes in power generation, transmission, and energy storage across thermal and renewable sources.

Q: What is the market capitalization of JSW Energy Ltd?

A: The market capitalization of JSW Energy Ltd is ₹94,816.44 crore as of October 17, 2025.

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