Latest news with #Strategy3.0
Time of India
a day ago
- Business
- Time of India
JSW Energy shares in focus on commissioning 281 MW renewable capacity, signing PPA for 250 MW wind project
Shares of JSW Energy are expected to be in the spotlight on Friday, June 6, following the company's announcement of the successful commissioning of 281 MW of organic renewable energy capacity, which includes 215 MW of solar and 66 MW of wind power. With this addition, JSW Energy 's total installed capacity has now risen to 12,499 MW, enhancing its ability to capitalise on the upcoming peak demand season and reinforcing its commitment to green energy. 'JSW Energy Limited ('The Company') is pleased to announce the successful commissioning of 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. This capacity addition is timely in nature and will enable the Company to benefit from the peak wind season during the year and will contribute meaningfully to overall renewable output,' the company informed via a regulatory filing. Following the addition, the company's renewable energy share in overall capacity has grown significantly, installed wind capacity now stands at 3,482 MW, solar at 1,968 MW, and hydro at 1,391 MW, pushing the renewable component to 55% of the total portfolio. In another major development, JSW Renew Energy Three Ltd, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with Adani Electricity Mumbai Ltd for a 250 MW STU-connected wind project . The PPA is valid for 25 years at a tariff of Rs 3.65/kWh. The project, located in Maharashtra, is expected to be commissioned within the next 24 months. JSW Energy also reaffirmed its robust project pipeline, with 29.9 GW of total locked-in generation capacity, including 12.5 GW operational and 12.4 GW under construction. It also boasts 29.3 GWh of locked-in energy storage capacity. Under its Strategy 3.0 roadmap, the company aims to achieve 30 GW of generation and 40 GWh of storage capacity by FY2030, while targeting carbon neutrality by 2050. JSW Energy shares on Thursday closed flat at Rs 508.15 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
a day ago
- Business
- Business Standard
JSW Energy expands renewable capacity by 281 MW with new solar & wind projects
JSW Energy announced that it has successfully commissioned 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW. With this development, the company's total installed generation capacity now stands at 12,499 MW, further strengthening its position in the renewable energy sector. Following the latest commissioning, JSW Energys installed wind capacity now stands at 3,482 MW, solar capacity at 1,968 MW, and hydro capacity at 1,391 MW. The total renewable capacity now contributes 55% to the companys overall portfolio. Further, JSW Renew Energy Three, a step-down subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Adani Electricity Mumbai for the supply of 250 MW wind power capacity connected to the state transmission utility (STU) in Maharashtra. The PPA is valid for a period of 25 years at a tariff of Rs 3.65 per unit (kWh). The project is expected to be commissioned within the next 24 months. JSW Energy has total locked-in generation capacity of 29.9 GW comprising of 12.5 GW operational, 12.4 GW under-constructions across wind, thermal and hydro and pipeline of 4.9 GW. The company also has 29.3 GWh of locked-in energy storage capacity through hydro pumped storage projects of 26.4 GWh and battery energy storage system of 2.9 GWh. The company aims to reach 30 GW generation capacities and 40 GWh of energy storage capacity by FY 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050, it added. Under its Strategy 3.0 roadmap, JSW Energy aims to achieve 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030, as part of its long-term commitment to Indias clean energy transition. The company has also set a target to become carbon neutral by 2050. 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 rose 0.83% to Rs 512.35 on the BSE.
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Business Standard
a day ago
- Business
- Business Standard
JSW Energy share price up 2% in trade on Friday, June 6; here's why
JSW Energy share price: JSW Energy share price increased up to 1.67 per cent to hit an intraday high of ₹516.55 per share, on Friday, June 6, 2025. What led to the uptick in JSW Energy share price? Shares of JSW Energy gained on Thursday after the company announced the commissioning of 281 MW of renewable energy capacity and inking a Power Purchase Agreement (PPA) with Adani Electricity Mumbai Limited. In a press release, the company said it has successfully commissioned 215 MW of solar and 66 MW of wind energy, taking its total installed capacity to 12,499 MW. The timely addition, ahead of the peak wind season, is expected to boost renewable output considerably. With this, JSW Energy's installed renewable mix now comprises 3,482 MW of wind, 1,968 MW of solar, and 1,391 MW of hydro, raising the share of renewables in the portfolio to 55 per cent. In addition, JSW Renew Energy Three Ltd, a step-down subsidiary, signed a 25-year PPA with Adani Electricity for the supply of 250 MW wind power at a tariff of ₹3.65/KWh. The project, located in Maharashtra, is expected to be commissioned within the next 24 months. ALSO READ | JSW Energy's total locked-in generation capacity now stands at 29.9 GW, including 12.5 GW operational, 12.4 GW under construction, and 4.9 GW in the pipeline. It also holds 29.3 GWh of energy storage capacity, aiming to scale up to 30 GW of generation and 40 GWh storage by FY30 as part of its Strategy 3.0 roadmap. The company further reiterated its long-term goal of becoming carbon neutral by 2050. About JSW Energy JSW Energy is among the leading private sector power producers and a key entity within the $24 billion JSW Group, which has diversified interests across steel, energy, infrastructure, cement, and sports. Commercial operations began in 2000 with a 2x130 MW thermal power plant at Vijayanagar, Karnataka. Since then, JSW Energy has expanded its capacity from 260 MW to 12.5 GW, with a well-diversified mix across geographies, fuel types, and power offtake models. The company is currently developing 12.4 GW of power projects and aims to scale its total generation capacity to 30 GW by FY2030.
Time of India
2 days ago
- Business
- Time of India
JSW Energy shares in focus on commissioning 281 MW renewable capacity, signing PPA for 250 MW wind project
Shares of JSW Energy are expected to be in the spotlight on Friday, June 6, following the company's announcement of the successful commissioning of 281 MW of organic renewable energy capacity, which includes 215 MW of solar and 66 MW of wind power. With this addition, JSW Energy's total installed capacity has now risen to 12,499 MW, enhancing its ability to capitalise on the upcoming peak demand season and reinforcing its commitment to green energy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo 'JSW Energy Limited ('The Company') is pleased to announce the successful commissioning of 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. This capacity addition is timely in nature and will enable the Company to benefit from the peak wind season during the year and will contribute meaningfully to overall renewable output,' the company informed via a regulatory filing. Following the addition, the company's renewable energy share in overall capacity has grown significantly, installed wind capacity now stands at 3,482 MW, solar at 1,968 MW, and hydro at 1,391 MW, pushing the renewable component to 55% of the total portfolio. In another major development, JSW Renew Energy Three Ltd, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with Adani Electricity Mumbai Ltd for a 250 MW STU-connected wind project . The PPA is valid for 25 years at a tariff of Rs 3.65/kWh. Live Events The project, located in Maharashtra, is expected to be commissioned within the next 24 months. Also read: Positive Breakout: These 5 stocks cross above their 200 DMAs JSW Energy also reaffirmed its robust project pipeline, with 29.9 GW of total locked-in generation capacity, including 12.5 GW operational and 12.4 GW under construction. It also boasts 29.3 GWh of locked-in energy storage capacity. Under its Strategy 3.0 roadmap, the company aims to achieve 30 GW of generation and 40 GWh of storage capacity by FY2030, while targeting carbon neutrality by 2050. JSW Energy shares on Thursday closed flat at Rs 508.15 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
15-05-2025
- Business
- Time of India
JSW to spend Rs 1.3 lakh crore to reach 30GW capacity by 2030
Sajjan Jindal-led JSW Energy is targeting 30 GW of generation capacity by 2030, along with 40 GWh of energy storage, and has planned a cumulative incremental capital expenditure of Rs 1.3 lakh crore to achieve the same over FY2026- 2030, the company said. This is part of the company's new growth plan, Strategy 3.0. "This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability,' said Sharad Mahendra, Joint Managing Director and CEO of JSW Energy. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nordlust Schmuck - Strand & Meer NORDLUST Jetzt kaufen Undo The company on Thursday also reported a 20% increase in consolidated net profit for the January-March quarter due to higher power generation and revenue . Net profit for the quarter was Rs 414.5 crore, up from Rs 345.2 crore in the same period a year ago. Consolidated net profit for fiscal 2024-25 was up 15%, at Rs 1983 crore, up from Rs 1725 crore in FY2023- 24. Live Events During the quarter, revenue from operations was up 15.7% at Rs 3189 crore against Rs 2756 crore. For FY 2025, revenue from operations was up 2% at Rs 11745 crore. During Q4 FY25, installed capacity surged by 2.8 GW, driven by 478 MW of greenfield wind additions and 2,150 MW of thermal capacity additions. This included the strategic acquisition of the 1,800 MW operational capacity at KSK Mahanadi and the commissioning of the 350 MW Unit-2 at JSW Utkal. Net Generation in FY7S increased by 16% YoY to 32.4 BUs, supported by capacity additions in both RE and thermal. RE Generation increased 24% YoY to 11.6 BUs in FY25 due to 1.3 GW wind capacity addition and better hydrology, resulting in incremental generation of 949 MUs (million units) at Hydro plants. Company board declared a dividend of Rs 2 per share and approved raising of funds not exceeding Rs 10,000 Crores in one or more tranches, through the issuance of eligible securities of the company by way of private offerings and/or on preferential allotment basis and/or qualified institutions placement or any other method or combination thereof, it said. The company's scrip ended at Rs 487.30, up 2.58% on the BSE, on Thursday.
