Power Company Bags Order from NTPC for setting up Wind-Solar Hybrid Power Project, FIIs Increased Stake in Q1 FY25!
The company’s shares have delivered an impressive return of over 95 per cent in just 1 year.
JSW Energy Ltd, the holding company for the JSW group's power business, operates power generation assets across Karnataka, Maharashtra, Nandyal, and Salboni. It also manages a joint venture in mining and an associate in turbine manufacturing.
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Ltd, has secured a Letter of Award (LoA) from NTPC Ltd for a 300 MW ISTS-connected Wind-Solar Hybrid Power Project. This award is part of NTPC’s Tranche-VI, which aims to develop 1,000 MW of such hybrid projects. With this addition, JSW Energy’s total secured generation capacity reaches 16.7 GW, including 2.6 GW of hybrid capacity. The company projects its installed generation capacity to grow to 10 GW by FY25, up from the current 7.5 GW. This project marks a significant step in expanding JSW Energy’s energy solutions and advancing its transition to becoming a comprehensive energy products and services provider.
On Friday the shares of JSW Energy Ltd closed the day at around Rs 703.50 per share. The company’s current market capitalisation stands at Rs 122955.51. The stock has delivered a return of over 95 per cent in the just 1 year.
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As per the Quarterly Results, in the first quarter of FY25, JSW Energy Ltd recorded a revenue of Rs 2879 crore. The operating profit for Q1 FY25 stood at Rs 1418 crore. The net profit for Q1 FY25 was Rs 534 crore. Looking at the annual performance, the company generated a revenue of Rs 11486 crore in FY24, compared to Rs 10332 crore in FY23. The operating profit for FY24 was Rs 5382 crore with a net profit of Rs 1725 crore.
According to the shareholding pattern, promoters own 69.32 per cent, while 5.90 per cent is owned by public investors. FIIs and DIIs owns a 15.37 per cent and 9.21 per cent stake in the company.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.