In July 2016, JSW Energy had informed BSE about agreeing to acquire the 500MW thermal power plant
Firm plans to enhance capacity to 10,000 MW by 2020
The plant will have a capacity to make 200,000 electric vehicles every year
The spike in merchant tariffs in September are seasonal and may be short-lived
Declared formation of new subsidiaries for manufacturing vehicles; Q1 net declined 40% to Rs 217 cr
Energy storage is one area where a paradigm shift is happening, says Prashant Jain
The move will help the Naveen Jindal-led steel-to-power group to pare its debt burden
Firm is evaluating opportunities in disruptive next generation technologies in the energy space
JSW Energy today said it has appointed Prashant Jain as its joint managing director and chief executive officer, effective 16th June, 2017.Jain will be based out of Mumbai office and will report to Sajjan Jindal, chairman of JSW Group."Prashant Jain brings with him vast experience across different functional areas which he can apply in this new role with fresh perspective and vision. The entire leadership team looks forward to working with Prashant and wishes him the very best in his new role," the company release quoted Sajjan Jindal as saying.Jain's role will include setting strategy for JSW Energy, developing and executing strategic and business planning activities and oversee all aspects of the company's business thereby ensuring that JSW Energy continues to be recognized as one of the fastest growing players in the energy sector.Some of his notable achievements of Jain with the JSW Group include steering the strategic collaboration with JFE, raising over $1 billion in JSW Steel ..
Company relieves Sagar a month prior to contract expiry on July 20
Total income has decreased to Rs 979.49 crore for quarter ended Dec 31, 2016
Analysts say long-term contracts to elude as merchant rates trade low
The issue proceeds would be used for the general corporate purposes, business operations
JSW Energy is increasingly betting on the inorganic route to augment its power capacity
Improved realisations, signing of PPAs would be key
Net power generation for the company was higher at 6,276 million units against 5,637 million units generated a year back
Growth strategy, including through acquisitions, is positive but challenges on realisations, demand will reflect on near-term prospects
In the past two years, the company has agreed to buy four power assets in India
JSW's move to buy Monnet's 1,050-Mw thermal capacity had coincided with the latter winning a coal block for supplies
Its consolidated turnover was up 15% at Rs 2,492 crore against Rs 2,167 crore