Latest news with #HaryanaPowerPurchaseCentre
Time of India
5 days ago
- Business
- Time of India
JSW Energy commissions second unit of 240 MW Kutehr hydro project
New Delhi: JSW Energy on Wednesday announced commissioning of the second 80 MW unit of its 240 MW Kutehr hydroelectric power plant in Himachal Pradesh. With this, the 3X80 MW project has started supplying power to Haryana, a company statement said. The company has signed a 35-year power purchase agreement with Haryana Power Purchase Centre (HPPC) for the entire 240 MW at a levelized ceiling tariff of Rs 4.50/kWh. Power generated will be supplied to Haryana's state distribution utilities - Uttar Haryana Bijli Vitran Nigam and Dakshin Haryana Bijli Vitran Nigam. "We expect the last unit (80 MW) to be commissioned soon. The timing helps us to capitalise on high water inflows during the peak generation season and reinforces our strong project execution capabilities," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said. With this capacity addition, the installed hydro capacity of the company stands at 1,551 MW, solar at 2,157 MW, wind at 3,562 MW, taking the share of renewables to 56 per cent. PTI
Time of India
6 days ago
- Business
- Time of India
JSW Energy shares rally over 7% in 2 days. Here's why
Shares of JSW Energy rose for a second straight session on Tuesday, gaining 7.1% over two days, after the company commissioned a key hydro unit and posted strong quarterly earnings. The stock climbed as much as 1.9% during the session to hit an intraday high of Rs 548.05 on the BSE. Investor interest was buoyed by the commissioning of the first 80 MW unit of JSW Energy's 240 MW Kutehr Hydro Electric Project in Himachal Pradesh. In an exchange filing, the company said, 'The company has successfully commissioned one 80 MW unit of the 240 MW Kutehr Hydro Electric Project (KHEP) and commenced supply of power under the 240 MW Power Purchase Agreement with Haryana Power Purchase Centre.' Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Female Athletes Right Now Undo by Taboola by Taboola 'The second unit of 80 MW of the 240 MW KHEP has also been successfully synchronised with the grid and is under testing and trial run. The commissioning activity for the third unit of 80 MW of the 240 MW KHEP is under progress,' the filing added. The commissioning comes on the heels of a strong earnings report last week. For the April–June 2025 quarter, JSW Energy reported a 42.4% year-on-year jump in consolidated net profit to Rs 743 crore, driven by a sharp scale-up in both renewable and thermal generation . Revenue surged 78.6% YoY to Rs 5,143 crore during Q1 FY26, while EBITDA nearly doubled to Rs 2,789 crore during the quarter, up 96.8% from a year earlier. Operating margins improved to 54.2% from 49.2% in the same period last year. Live Events The company commissioned 1,893 MW of capacity during the quarter, including 1,343 MW from the acquisition of Mytrah Energy (now O2 Power) and 550 MW from organic renewable additions. Its total installed capacity rose 70% YoY to 12,768 MW. Q1 an 'inflection point' Sharad Mahendra, Joint MD & CEO, described the June quarter as an 'inflection point,' citing 'disciplined investments, improved earnings quality, and capacity under long-term agreements.' Thermal generation at the Vijayanagar plant surged 124% YoY, supported by new captive power purchase agreements (PPAs). JSW Energy signed 605 MW of new PPAs during the quarter and an additional 450 MW post-quarter. The company closed the quarter with 13 GW under construction and a total locked-in capacity of 30.3 GW. It aims to scale up to 30 GW of generation and 40 GWh of energy storage by FY2030. Stock performance and technical outlook Despite the recent rally, shares of JSW Energy remain down 15.4% so far in 2025 and have declined 20.4% over the past 12 months. The stock is up 6.4% over the last month. From a technical perspective, the stock is currently trading above seven of its eight key simple moving averages (SMA), including the 5-day through 150-day SMAs, but remains below its 200-day SMA. The Relative Strength Index (RSI) stands at 59.3, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 2.3, above the centre line but below the signal line. Also read | NSE reaches Rs 40 crore settlement with Sebi over data disclosure case Part of the JSW Group, JSW Energy is a private sector power producer with operations across power generation and transmission. Since starting commercial operations in 2000, the company has expanded its capacity from 260 MW to 10 GW ahead of its FY2025 target, with diversified assets across geographies, fuel types and offtake arrangements.
Business Standard
04-08-2025
- Business
- Business Standard
JSW Energy edges higher after commissioning first unit of Himachal-based Kutehr Hydro Plant
JSW Energy advanced 3.68% to Rs 530.30 after the company announced the successful commissioning of the first 80 MW unit of its 240 MW (3 x 80 MW) Kutehr Hydroelectric Power Plant. The plant is situated in Chamba district of Himachal Pradesh. The project has commenced power dispatch to the Haryana Power Purchase Centre. The second 80 MW unit has already been synchronised with the grid and is undergoing trial run, while the last unit is expected to be synchronised soon. The Kutehr project is backed by a long-term power purchase agreement with Haryana Power Purchase Centre (HPPC) for the entire 240 MW at a levelized ceiling tariff of Rs 4.50 per kWh, valid for 35 years with provisions for extension. Power generated will supply Haryanas state distribution utilities Uttar Haryana Bijli Vitran Nigam and Dakshin Haryana Bijli Vitran Nigam. With this capacity addition, the installed hydro capacity stands at 1,471 MW, solar at 2,157 MW, Wind at 3,562 MW, taking the share of renewables to 56%. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy We are proud to inform the commissioning of the Kutehr Hydroelectric Power Plant, one of the fastest built greenfield hydro project to be completed in India. The timing is especially opportune, coinciding with the peak monsoon season, enabling us to capitalise on high waterflow and reap the generation benefit in current fiscal. 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 company's consolidated net profit jumped 42.43% to Rs 743.12 crore on 78.62% increase in revenue from operations to Rs 5,143.37 crore in Q1 FY26 over Q1 FY25.
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Business Standard
04-08-2025
- Business
- Business Standard
JSW Energy share price rises 4% in trade; why is the stock in demand?
JSW Energy shares rose 4.3 per cent in trade on Monday, August 4, 2025, logging an intra-day high at ₹533.75 per share on BSE. At 11:23 AM, JSW Energy share price was up 3.9 per cent at ₹531.5 per share. In comparison, BSE Sensex was 0.36 per cent higher at 80,891.75. Why were JSW Energy shares buzzing in trade? The buying on the counter came after the company commissioned one 80 MW unit of its 240 MW Kutehr Hydro Project, with the second unit in testing and the third in progress. "The company has successfully commissioned one 80 MW unit of the 240 MW Kutehr Hydro Electric Project (KHEP) and commenced supply of power under the 240 MW Power Purchase Agreement with Haryana Power Purchase Centre," the filing read. It added: The second unit of 80 MW of the 240 MW KHEP has also been successfully synchronised with the grid and is under testing and trial run. The commissioning activity for the third unit of 80 MW of the 240 MW KHEP is under progress. Recently, the company released ist Q1 results. During the first quarter of FY26, JSW Energy reported a 42 per cent year-on-year (Y-o-Y) surge in its consolidated profit after tax (PAT) at ₹743 crore, against ₹522 crore reported in Q1FY25. The company's total consolidated revenue rose 78 per cent Y-o-Y to ₹5,411 crore in Q1FY26, from ₹3,043 crore reported in Q1FY25. The company's earnings before interest, tax, depreciation and amortization (Ebitda) came in at ₹3,057 crore, up 93 per cent Y-o-Y from ₹1,581 crore reported in Q1FY25. About JSW Energy A part of JSW Group, JSW Energy is a private sector power producer in India. The company has established its presence across the value chains of the power sector with diversified assets in power generation and transmission. JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, the company has steadily enhanced its power generation capacity from 260 MW to 10 GW ahead of its FY2025 target, ensuring diversity in geographic presence, fuel sources and power offtake arrangements.
Time of India
27-04-2025
- Business
- Time of India
Discoms face losses due to poor market assessment by Haryana Power Purchase Centre
Chandigarh: Call it a lack of expertise or serious lapse on part of the Haryana Power Purchase Centre (HPPC), the short-term power agreements made by it at exorbitant rates have ended up shelving the stocks at throwaway rates under the exchange. Tired of too many ads? go ad free now According to information, during FY 2023-24, the HPPC contracted 7,740 million units of energy worth Rs 5,257.54 crore through short-term agreements from private buyers as augmentation for peak days. Later, the HPPC indulged in trade, and after failing to understand the market trends and demand and supply assessments, exchanged the agreements with other players at much cheaper rates, resulting in escalation in the aggregate technical and commercial (AT&C) losses to the power discoms. All this came to light after the orders of the Haryana Energy Regulatory Commission (HERC), which highlighted the lapse while disposing of the aggregate revenue requirements (ARR) filed by the Haryana power utilities for FY 2025-26. The regulatory body headed by Nand Lal Sharma cautioned the HPCC against such losses and asked it to put experts in place. The HPPC arranges power through short and long-term agreements for consumption. Haryana has an average consumption of 8,000 MW to 10,000 MW on average days, which goes up to 15,000 MW. Since Haryana has less of its own generation, largely the power is arranged through its share in national hydel and thermal projects along with long-term agreements. The HPPC is the nodal agency mandated for this arrangement based on demand and supply assessments given by the electricity distribution companies. Tired of too many ads? go ad free now Sources said the lack of expertise in assessing market trends as well as non-availability expert staff to monitor the markets on a 24x7 basis caused HPPC losses. Meanwhile, it was claimed that the state had surplus energy during the contentious period, which forced the agency to sell off or exchange electricity with other centres across the country at lower rates. The said stocks were procured through special permission given by the govt of Haryana for the preparation of peak days. All this happened when Ranjit Singh Chautala was the power minister, claimed the sources. "Electricity cannot be stored. Secondly, the consumption of electricity, demand, and supply is dependent on weather conditions. In case of good rains, you may have less demand, while less rain can escalate the demand. But you have to have adequate arrangements as an agrarian state. It's not just Haryana, the situation is encountered by other power purchase centres as well," remarked a senior power discom official. MSID:: 120669575 413 |
