NSE:JSWENERGY

JSW Energy to Acquire Maruti Clean Coal for INR14.1 Billiion

JSW Energy (NSE:JSWENERGY, BOM:533148) has agreed to acquire the entire equity stake in Maruti Clean Coal & Power at an enterprise value of 14.1 billion Indian rupees, according to a Saturday filing to the Indian stock exchanges.The shares will be acquired from Kolahai Infotech and SFI Parcel Services, subject to necessary regulatory and customary approvals.Maruti Clean owns and operates a 300 MW thermal power plant in Korba, Chhattisgarh, India, with a long-term power purchase agreement for 195 MW with Rajasthan-based power distribution companies.The plant also provides 5% power at variable cost to the Chhattisgarh power distribution companies, and the remaining 64 MW capacity is sold in the merchant market.The acquired asset's earnings for fiscal year 2026 are estimated at 2.79 billion rupees. The plant's proximity to JSW Energy's Mahanadi thermal plant will also help strengthen operational synergies, the company said.

JSW Energy Commissions 150 MW Hydropower Project in Himachal Pradesh, India

JSW Energy (NSE:JSWENERGY, BOM:533148) said it has commissioned the full 150 MW capacity of its Tidong Power Generation project in Himachal Pradesh, India, according to a Friday filing.The hydropower project, located in Kinnaur district, was commissioned ahead of the company's earlier target of October.JSW Energy said Tidong Power Generation has a long-term power purchase agreement with Uttar Pradesh Power Corp. for 75 MW during the May-October period at a tariff of 5.57 rupees per kWh.Following the commissioning, the company's total installed power generation capacity has increased to about 13,900 MW, the filing said.

JSW Energy Commissions Wind Blade Manufacturing Plant in Gujarat

JSW Energy (NSE:JSWENERGY, BOM:533148) has commissioned a wind blade manufacturing facility at Halol in Gujarat, India according to an Indian bourse filing on Monday.The plant has an annual capacity to produce up to 450 wind blades, equal to about 600 MW of wind projects, the company said in the filing. It will manufacture 82-metre blades for 4 MW wind turbine generators, it added.Another wind blade manufacturing facility is in advanced stages of commissioning at Chitradurga in Karnataka, India, the filing said.JSW Energy has an installed wind capacity of 3.9 GW and a total locked-in generation capacity of 32.1 GW across thermal, hydro and renewable segments. It has an energy storage capacity of 29.6 GWh, according to the filing.

Indian Equities Edge Higher on Wednesday Amid Oil, Currency Concerns

Indian benchmark indices closed modestly higher on Wednesday, although markets remained range-bound for a fourth consecutive session as elevated crude oil prices and currency weakness continued to limit investor appetite.The BSE Sensex gained 117.54 points, or 0.2%, to close at 75,318.39, while the NSE Nifty 50 rose 41.00 points, or also 0.2%, to settle at 23,659.00.Investor sentiment stayed cautious amid a lack of progress in U.S.-Iran negotiations, which kept concerns over global oil supply and energy prices in focus. The continued weakness in the Indian rupee also added to market uncertainty.In corporate developments, Tata Communications (NSE:TATACOMM, BOM:500483) surged 8% after appointing Ganesh Lakshminarayanan as managing director and chief executive officer, effective Wednesday.JSW Energy (NSE:JSWENERGY, BOM:533148) rose nearly 1% after reporting increase in fiscal fourth-quarter consolidated profit to 22.4 billion rupees from 19.5 billion rupees a year earlier. Revenue from operations increased to 189.0 billion rupees from 117.5 billion rupees.

JSW Energy's Consolidated Profit Rises in Fiscal Q4

JSW Energy's (NSE:JSWENERGY, BOM:533148) consolidated attributable profit rose to 22.4 billion Indian rupees in the fiscal fourth quarter ended March 31, from 19.5 billion rupees a year ago.Earnings per share came in at 12.74 rupees from 11.18 rupees a year earlier, the renewable energy company said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased to 189.0 billion rupees from 117.5 billion rupees a year ago.The company's shares were up nearly 1% in recent trade.

Jefferies Adjusts JSW Energy's Price Target to INR675 from INR660, Keeps at Buy

Indian Equities End Marginally Higher on Monday as Tech Buying Pares Early Losses

Indian benchmark indices closed slightly higher on Monday after a late-session recovery led by strong gains in technology stocks.The BSE Sensex rose 77.05 points, or 0.1%, to close at 75,315.04, while the NSE Nifty 50 added 6.45 points, or 0.03%, to settle at 23,649.95.Market sentiment remained cautious as the Indian rupee weakened to another record low of 96.39 against the U.S. dollar. Elevated crude oil prices and continuing uncertainty surrounding the Middle East conflict also kept investors on edge.In corporate developments, JSW Energy (NSE:JSWENERGY, BOM:533148) gained nearly 3% after the company sold 25 million shares of JSW Steel (NSE:JSWSTEEL, BOM:500228) for 31.5 billion rupees through a bulk deal on the National Stock Exchange.Zydus Wellness (NSE:ZYDUSWELL, BOM:531335) fell over 1% after fiscal fourth-quarter consolidated net profit declined to 1.62 billion rupees from 1.72 billion rupees a year earlier. Earnings per share slipped to 5.09 rupees, while revenue from operations increased to 14.8 billion rupees from 9.13 billion rupees.

JSW Energy Sells 25 Million Shares of JSW Steel in Bulk Deal

JSW Energy (NSE:JSWENERGY, BOM:533148) has sold 25 million equity shares of face value 1 rupee each of JSW Steel (NSE:JSWSTEEL, BOM:500228) for 31.5 billion Indian rupees, according to a Monday filing to the Indian stock exchanges.The transaction was conducted as a bulk deal on the National Stock Exchange of India on Monday, as part of a strategic liquidity release, the company said.Following the share sale, the company's balance holding is around 45 million equity shares of JSW Steel."The monetisation of a part of the shareholding in JSW Steel Limited not only releases capital for pursuing the company's growth strategy but also improves return on capital employed for the company," JSW Energy said.

Elara Securities Downgrades JSW Energy to Accumulate from Buy; Price Target is INR602

JSW Energy (BOM:533148, NSE:JSWENERGY) has an average rating of overweight and mean price target of 573 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

JSW Energy Consolidated Profit Slips in Fiscal Q4

JSW Energy's (BOM:533148, NSE:JSWENERGY) consolidated attributable profit slipped to 3.72 billion Indian rupees in the fiscal fourth quarter from 4.08 billion rupees a year ago, according to a Monday filing with the Indian exchanges.Earnings per share during the quarter ended March 31 slipped to 2.07 rupees from 2.34 rupees in the same quarter last year.Revenue from operations in fiscal Q4 jumped year on year to 45 billion rupees from 31.9 billion rupees.The company's board recommended a dividend of 2 rupees per share, payable to shareholders of record June 5, the filing said.

Ambit Capital Downgrades JSW Energy to Sell from Buy; Price Target is INR540

JSW Energy (BOM:533148, NSE:JSWENERGY) has an average rating of overweight and mean price target of 570 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)