JSW Energy's arm inks deal with RVUNL for 250 MW/500 MWh battery storage project
These projects will be developed on a build, own and operate model in the state of Rajasthan. The BESPA is signed for a duration of 12 years, with a tariff of Rs 2,24,000 per MW per month, and is supported by viability gap funding.
The company's total locked-in energy storage capacity stands at 29.3 GWh, including 2.9 GWh of BESS and 26.4 GWh of Pumped Hydro Storage. With this, the Company is well-positioned to achieve its target of 40 GWh of energy storage by 2030, it added.
JSW Energy is one of the leading private sector power producers in India and part of JSW group. It has established its presence across the value chains of power sector with diversified assets in power generation, and transmission.
The companys consolidated net profit jumped 16.1% to Rs 408.05 crore on 15.7% increase in revenue from operations to Rs 3,189.39 crore in Q4 FY25 over Q4 FY24.
The scrip shed 0.55% to Rs 524.20 on the BSE.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
14 minutes ago
- India.com
DA Hike update: Double celebration on Diwali as along with GST reform, Modi government may announce hike in...
New Delhi: This time on Diwali, the central government can bring a big gift for its employees and pensioners. While on the one hand, preparations are going on to receive increased dearness allowance (DA) and dearness relief, on the other hand, Prime Minister Narendra Modi has talked about implementing GST reforms before Diwali. Its benefit will be directly available to the general public, traders and government employees. From which date will the new DA be implemented? In March 2025, the Union Cabinet approved a 2% DA / DR hike for more than 48 lakh central government employees and more than 66 lakh pensioners, which came into effect from January 2025. Now, employees and pensioners are getting DA and DR at the rate of 55%. According to the 7th Pay Commission, the minimum base salary of central government employees is Rs 18,000, and the minimum pension of pensioners is Rs 9,000. With 55% DA, an employee is getting a total of Rs 27,900, and a pensioner is getting Rs 13,950. How many times is the DA increased in a year? Every year, the government increases DA twice, once in January and the other in July. Now the next hike for July 2025 is expected to be announced in September. According to media reports, this time the DA may increase by 3%. If this happens, DA will become 58% and it can be implemented around Diwali. PM Modi has already announced the GST reform before Diwali Prime Minister Modi has recently asked the state governments to cooperate with the central government in implementing the proposed GST reforms. He also said that these reforms will be implemented before Diwali and the poor, middle class, and small and big traders will get its benefit. The PM said, 'We consider reforms a symbol of good governance. We aim to make life and business easier. That is why we are bringing next-generation reforms under GST. These reforms will prove to be a double bonus for the people this Diwali.' The 8th Pay Commission is also on the way In January 2025, the Central Government approved the 8th Pay Commission, but its official notification is yet to come. Minister of State for Finance Pankaj Chaudhary said in Parliament that the notification will be issued on time. This means that in future, more improvements can be seen in the salary and pension of the employees.
Hans India
14 minutes ago
- Hans India
JP Nadda assures urea allocation to Andhra Pradesh to address shortage
Amaravati: Union Minister for Health, Fertilisers, and Chemicals, JP Nadda, on Monday assured Andhra Pradesh that 29,000 metric tonnes of urea would be allocated to the state by August 21 to address the shortage. He gave the assurance when Andhra Pradesh Education, IT and Electronics Minister Nara Lokesh called on him in New Delhi. Lokesh highlighted the severe shortage of urea amid the ongoing Kharif season and requested the Union Government to immediately allocate the required supply to support farmers. They also discussed other issues during the meeting. Lokesh also proposed the establishment of a Plastic Park to promote local industry and generate employment opportunities for the youth. On educational infrastructure, Lokesh discussed the establishment of the permanent campus of the National Institute of Pharmaceutical Education and Research (NIPER) in Visakhapatnam, noting that 100 acres of land have been identified for the project and urged necessary actions for its development. The minister further briefed the Union Minister Nadda on the progress of various development works over the past 14 months under the coalition government and sought central support for pending projects. He emphasised the need to expedite key initiatives like the Polavaram Project and the development of Amaravati as the state capital, which are critical for the state's growth and infrastructure. Lokesh also met Union Minister for Petroleum and Natural Gas Hardeep Singh Puri to discuss fast-tracking critical projects in the state and strengthening collaboration on energy security and welfare. The state minister strongly pitched for the BPCL refinery-cum-petrochemical complex at Ramayapatnam, Nellore district, a long-standing promise under Section 93(4) of the Andhra Pradesh Reorganisation Act, 2014. The Rs 95,000 crore project, coming up on 6,000 acres, is expected to generate over 5,000 direct jobs and accelerate industrialisation. Lokesh underlined that the move would create local jobs, encourage MSME partnerships, and strengthen maritime infrastructure along Andhra's coast. On the welfare front, Minister Lokesh highlighted Andhra Pradesh's Deepam 2.0 scheme, which provides free LPG cylinders to eligible families, empowering women and BPL households. The state is working to integrate Deepam 2.0 with the Pradhan Mantri Ujjwala Yojana (PMUY), ensuring wider coverage and efficient delivery, thereby improving health outcomes and reducing indoor air pollution. The Andhra Pradesh government also requested continued Central support in advancing investments, faster clearances, and partnerships in the energy and maritime sectors.
Mint
14 minutes ago
- Mint
Mangal Electrical IPO: From key dates to financials, here are 10 key things to know from RHP
Mangal Electrical IPO: For the issue that opens on Wednesday, 20 August 2025, here are 10 key things to know from RHP. From key dates to financials. Mangal Electrical's initial public offering (IPO) will be available for subscription on August 20, 2025, and close on August 22, 2025. The allotment for the Mangal Electrical IPO is planned to be completed on August 25, 2025. 2. Mangal Electrical IPO size—The Mangal Electrical IPO is a book build of ₹ 400.00 crores. The issue is totally a fresh issue of 0.71 crore shares for ₹ 400.00 crore. 3. Mangal Electrical IPO Price Band—Mangal Electrical IPO pricing range is set at ₹ 533.00 to ₹ 561.00 per share. 4. Mangal Electrical IPO Lot Size—The lot size for an application is 26. The minimum investment for retail is ₹ 13,858 (26 shares). The lot size investment for small NII is 14 lots (364 shares) for ₹ 2,04,204, while for big NII it is 69 lots (1,794 shares) worth ₹ 10,06,434. Mangal Electrical IPO will be listed on the BSE and NSE, with a tentative listing date of August 28, 2025. The book running lead manager is Systematix Corporate Services Ltd., and the issue is registered with Bigshare Services Pvt. Ltd. Mangal Electrical Industries Limited, founded in 2008, manufactures transformers for the distribution and transmission of energy in the power sector. Mangal Electrical Industries Ltd.'s sales rose by 22%, while profit after tax (PAT) increased by 126% during the fiscal years ending March 31, 2025, and March 31, 2024. Repayment/prepayment, in full or in part, of certain outstanding borrowings obtained by the Company Capital expenditure, comprising civil works, of the company for extending the facility at Unit IV located in Reengus, Sikar District, Rajasthan. Funding working capital requirements of the company General corporate purposes. Mangal Electrical costs of the raw materials that it uses in the manufacturing process are subject to volatility due to factors beyond its control. Increases or fluctuations in raw material prices may have a material adverse effect on its business, financial condition, results of operations, and cash flow. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
