Large-cap Energy Company gets CCI Approval for its acquisition of KSK Mahanadi Power Company Ltd; Earlier the company added 159 MW of Wind Power Capacity
Over the past year, the stock has experienced a decline of 6.91 per cent, while over a three-year period, it has shown a return of 46.11.
JSW Energy Limited, a prominent player in the energy sector, has received approval from the Competition Commission of India (CCI) for its acquisition of KSK Mahanadi Power Company Limited. This approval, granted on 4th March 2025, follows the Resolution Plan submitted by JSW Energy, which had already been approved by the National Company Law Tribunal in Hyderabad. The acquisition is part of JSW Energy's strategic expansion efforts within the power sector.
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Earlier, The company has h added 159 MW of greenfield wind power capacity in the quarter so far, resulting in total operational capacity of 8,400 MW. This added capacity is available ahead of the wind season and is ready to meet the increased energy demand during the upcoming peak demand season, thereby contributing significantly to a sustainable power supply. Subsequent to this capacity addition, the total operational wind capacity of the company stands at 2,826 MW. JSW Energy has been actively expanding its renewable energy portfolio with under-construction capacity of ~8.0 GW. The company aims to achieve a total installed generation capacity of 20 GW significantly before FY2030.
Company Overview
JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located at Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group's power business. The company also has a JV company engaged in mining activities and an associate engaged in manufacturing of turbines.
JSW Energy Limited is a key entity within the O. P. Jindal Group, headquartered at the JSW Centre in Bandra Kurla Complex, Mumbai. The company's current stock market price stands at Rs 481.35, with a market capitalisation of Rs 82,721.88 crores. Over the past year, the stock has experienced a decline of 6.91 per cent, while over a three-year period, it has shown a return of 46.11. The stock's 52-week high is Rs 804.95, and the low is Rs 419.7, with a price-to-earnings (PE) ratio of 43.78. These metrics indicate JSW Energy's position and performance in the market, showcasing its resilience and potential for growth in the energy sector. The company has been maintaining a healthy dividend payout of 20.1 per cent.
Investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.