JSW Energy stock hits all-time high after winning 300 MW wind-solar hybrid project

From Hindustan Times: 2024-06-24 00:51:24

JSW Energy’s shares surge to an all-time high after securing a 300 MW wind-solar hybrid project. Total locked-in capacity now at 13.6 GW, with plans to reach 9.8 GW installed capacity by 2024. Company focusing on energy solutions, green hydrogen, energy storage, and carbon neutrality by 2050.

Record performance in FY24 for JSW Energy, with net generation up 27% YoY to 27.9 BUs. Total revenue increases to ₹11,941 crore, highest-ever EBITDA, and second-highest PAT in company history. EBITDA grows by 53% YoY to ₹5,837 crore, leading to a 17% YoY growth in PAT to ₹1,723 crore.

JSW Energy raises ₹5,000 crores through a QIP in April 2024, marking its first equity raise since 2010. The company’s liquidity remains strong with ₹4,691 crore in cash and equivalents. JSW Energy aims to explore new opportunities in India’s clean energy transition and expand its energy storage and green hydrogen presence.



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