Latest news with #KHEP
Economic Times
5 days ago
- Business
- Economic Times
JSW Energy shares rally over 7% in 2 days. Here's why
JSW Energy shares saw a sharp uptick, buoyed by the commissioning of a key hydro unit and robust Q1 results. Strong earnings, significant capacity additions, and a positive outlook on long-term agreements and energy storage plans fueled investor optimism. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Q1 an 'inflection point' Stock performance and technical outlook Tired of too many ads? Remove Ads 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 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.''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 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 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 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 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 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 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 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.
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.
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Business Standard
7 days ago
- 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.
United News of India
27-06-2025
- Politics
- United News of India
India trashes 'supplemental award' by Court of Arbitration on Kishenganga, Ratle power projects
New Delhi, June 27 (UNI) India Today castigated the illegal Court of Arbitration and trashed its so-called supplemental award concerning Kishenganga and Ratle hydroelectric projects in Jammu and Kashmir. ''The illegal Court of Arbitration, purportedly constituted under the Indus Waters Treaty 1960, albeit in brazen violation of it, has issued what it characterizes as a supplemental award on its competence concerning the Kishenganga and Ratle hydroelectric projects in the Indian Union Territory of Jammu and Kashmir,'' the External Affairs Ministry said. It said India has never recognised the existence in law of this so-called Court of Arbitration and India's position has all along been that the constitution of this so-called arbitral body is in itself a serious breach of the Indus Waters Treaty. Therefore, any proceedings before this forum and any award or decision taken by it are also illegal and per se void. The Ministry said that following the Pahalgam terrorist attack, India has in exercise of its rights as a sovereign nation under international law, placed the Indus Waters Treaty in abeyance until Pakistan credibly and irrevocably abjures its support for cross-border terrorism. Until such time that the Treaty is in abeyance, India is no longer bound to perform any of its obligations under the Treaty. ''No Court of Arbitration, much less this illegally constituted arbitral body which has no existence in the eye of law, has the jurisdiction to examine the legality of India's actions in exercise of its rights as a sovereign. India, therefore, categorically rejects this so-called supplemental award as it has rejected all prior pronouncements of this body,' ,'' the Ministry said in a strongly worded statement... The statement said the latest charade at Pakistan's behest is yet another desperate attempt by it to escape accountability for its role as the global epicenter of terrorism. Pakistan's resort to this fabricated arbitration mechanism is consistent with its decades-long pattern of deception and manipulation of international forums, it added. The Kishenganga Hydro-Electric Project (KHEP) dispute between India and Pakistan was addressed by a Court of Arbitration constituted under the Indus Waters Treaty. The Court ruled on the project's impact on the Kishenganga/Neelum River and Pakistan's downstream hydroelectric project. India was permitted to divert water for the KHEP. The latest ruling by the Court of Arbitration in the Kishanganga dispute is that it has the jurisdiction to consider the dispute between India and Pakistan regarding the Kishanganga and Ratle hydropower projects. Pakistan raised concerns about the design and water usage of the Kishanganga (330 MW) and Ratle (850 MW) hydroelectric projects claiming they violated the Indus Waters Treaty. India, however, maintains that the dispute should be handled by a neutral expert appointed by the World Bank as stipulated in the Indus Water Treaty. India also argues that the Arbitration Court's involvement is a violation of the Treaty's dispute resolution mechanism. UNI RB GNK 20250
