Page 5 - Jsw Energy

JSW Solar bags 810 MW blended wind energy projects from state-owned SECI

JSW Energy on Friday said its solar power subsidiary has bagged 810 MW blended wind energy projects under an auction conduced by state-owned SECI. The Solar Energy Corporation of India (SECI) had conduced an auction for setting up 2,500 MW ISTS (inter state transmission system) projects under tariff based competitive bidding. The tender was floated in June. Solar power constitutes up to 20 per cent of a blended wind energy project. "JSW Solar (100% subsidiary of JSW Energy) has received Letter of Awards for total Blended Wind capacity of 810 MW from SECI against tariff based competitive bid invited by SECI for setting up of 2,500 MW ISTS-connected Blended Wind Power Projects (Tranche - IX)," a BSE filing said.

Hits trump misses in power firms' $4.4-billion acquisition spree

Acquisitions by Tata Power, Adani Power & JSW Energy were profitable in FY20

JSW Energy board appoints Pritesh Vinay as Chief Financial Officer

JSW Energy board on Tuesday appointed Pritesh Vinay as its Chief Financial Officer. "Board of Directors, at its meeting held today, appointed Pritesh Vinay as Chief Financial Officer and Key Managerial Personnel of the company with effect from 16th September, 2020," a BSE filing said. Vinay, 44, has over 19 years of professional experience across Corporate Finance, Fund Raising (both onshore and offshore), Investor Relations, M&A and Equity Research, having worked with reputed Indian and multinational corporations. He has worked with the JSW Group for the past 8 years and prior to joining the company, he was Vice President Corporate Finance with JSW Steel and Head Group Investor Relations for the JSW Group, the filing added. Vinay will also be the Key Managerial Personnel authorized to determine the materiality of an event or information and for making disclosures to stock exchanges. Besides him, Joint Managing Director & Chief Executive Officer and the Company Secretary are

Energy companies go green, change tack from coal to renewables

Covid has brought to fore the need for sustainable development. A two-part series examines the shift in energy sector

JSW Energy CFO Jyoti Kumar Agarwal resigns, to step down on Sept 15

The company said it will announce Agarwal's successor in due course

Covid-19 impact: JSW Energy calls off acquisition of GMR Kamalanga Energy

The company noted that India's power demand declined by 16.2 per cent year on year (y0y) in the June quarter, due to weak economic activity amidst Covid-19 related lockdowns and restrictions

JSW Energy Q1 profit dips 12.7% to Rs 213 cr; revenue at Rs 1,887 cr

According to the statement, total revenue decreased by 23% on year-on-year basis to Rs 1,887 crore in June quarter

JSW Energy terminates Rs 5,321-cr deal to acquire GMR Kamalanga Energy

In May, the sale of GMR Energy's entire stake in GMR Kamalanga Energy to JSW Energy was put on hold due to Covid-19 outbreak

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO

The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

GMR Kamalanga power unit a value accretive acquisition for JSW Energy

Analysts see development as favourable as valuations seem reasonable, JSW Energy's robust debt-equity ratio remains intact and gains are expected to accrue from day one

Analysts see up to 45% upside in JSW Energy post GMR Kamalanga acquisition

GMR Kamalanga Energy (GKEL) presently owns and operates a 1,050 MW (3 x 350 MW) coal-based thermal power plant located at Dhenkanal, District Kamalanga in Odisha.

JSW Energy to purchase GMR's Kamalanga power project for Rs 5,321 cr

Post-acquisition, the total installed power generation capacity of JSW Energy will increase to 5,609 MW

Tax write-backs boost JSW Energy net profit to Rs 394 cr for Dec quarter

Its total income fell to Rs 2,106 crore from Rs 2,491 crore as demand was subdued, reflecting the broader economy that has been in the dumps since the beginning of the financial year

JSW Energy's Q3 pre-tax profit up 1% to Rs 213 cr on exceptional gain

Revenue for JSW Energy in the quarter under review dipped by 19 per cent year-on-year to Rs 2,016 crore, from Rs 2,492 crore in the same period a year back

JSW Energy Q3 consolidated net profit jumps over twofold to Rs 394 cr

The company had clocked a Rs 146-crore net profit during the corresponding quarter a year ago, JSW Energy said in a BSE filing

Adani Ent dips 4% on reports SC stays Bombay HC ruling in coal import case

The case pertains to probe that was initiated by the DRI against a few Adani group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015

Power firms see industrial data centres as new-age demand drivers

Electricity consumption of such units is more than that of a small village

JSW Energy to convert part of Jaiprakash Power Ventures' loan into equity

JP Power availed this loan as an advance payment for the proposed sale of its power unit to JSW Energy in 2016. The deal, however, was later called off