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JSW Energy Ltd fell for a fifth straight session today. The stock is quoting at Rs 475.75, down 1.44% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 1.21% on the day, quoting at 24329.15. The Sensex is at 80222.97, up 1.28%.JSW Energy Ltd has eased around 8.95% in last one month.Meanwhile, Nifty Energy index of which JSW Energy Ltd is a constituent, has increased around 3.68% in last one month and is currently quoting at 33956.5, up 1.64% on the day. The volume in the stock stood at 49.43 lakh shares today, compared to the daily average of 33.43 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 478.6, down 1.05% on the day. JSW Energy Ltd tumbled 21.14% in last one year as compared to a 7.44% rally in NIFTY and a 14.47% fall in the Nifty Energy index.
The PE of the stock is 76.74 based on TTM earnings ending December 24.
The acquired platform comprises of 4,100 MW of Utility scale RE projects and C&I capacity of 596 MW. Of the total platform capacity, 3,722 MW is tied-up under PPAs with high-credit-quality off-takers comprising of both utility scale and commercial and industrial (C&I) customers. While 974 MW of capacity has received Letter of Awards/Intent and are awaiting PPA signing.
The portfolio features a well-diversified energy mix, including 1.8 GW of solar, 0.5 GW of wind 1.6 GW of hybrid and 0.9 GW of complex solutions like firm and dispatch renewable energy (FDRE)/Round-The-Clock (RTC). The platform has a blended average tariff of Rs 3.37/KWh.
The company will have a steady state EBITDA generation of Rs 1,500 crore from 2,259 MW capacity (likely to be operational by June 2025). Additionally, around Rs 13,500 crore of capital expenditure will be incurred to reach 4,696 MW of capacity by June 2027, at which stage it will have a steady state annualised EBITDA of Rs 3,750 crore.
As of FY 2025, O2 Power's installed capacity stands at 1,343 MW. Consequently, the company’s proforma FY 2025 installed capacity stands at 12,212 MW, with RE capacity accounting for 6,554 MW (around 54% of total).
Sharad Mahendra, joint managing director and CEO of JSW Energy, said, “We are pleased to announce the completion of JSW Energy's largest acquisition to date of 4.7 GW of O2 Power. This acquisition brings high-quality assets across resource-rich states, along with management team and employees having a proven track record in planning and execution. This strategic acquisition brings us closer to achieving our 20 GW capacity target significantly before 2030. O2 Power also brings additional connectivity for 900 MW, which will facilitate our future growth. We warmly welcome O2 Power’s experienced management team and employees to the JSW Energy family.”
Pritesh Vinay, director (finance) and CFO of JSW Energy, said, “The completion of O2 Power acquisition underscores our commitment towards value accretive growth and prudent capital allocation. O2 Power has built an attractive portfolio and pipeline of projects which adds to our asset base and strengthens our operational capabilities and presence. Not only is this acquisition attractive – both from ‘Build vs Buy’ trade off as well as from a quality and value perspective – but also we will draw synergies operationally as well as enhance portfolio returns from a competitive financing package to fund this transaction.”
JSW Energy is one of the leading private sector power producers in India. It is a part of JSW Group. It has established its presence across the value chains of power sector with diversified assets in power generation, and transmission.
The company’s consolidated net profit declined 27.4% to Rs 167.83 crore in Q3 FY25 as compared with Rs 231.33 crore in Q3 FY24. Net sales fell 4.1% YoY to Rs 2,438.88 crore in Q3 FY25.
The scrip declined 1.63% to settle at Rs 482.20 on Wednesday, 9 April 2025. The stock market will remain closed today in observance of Shri Mahavir Jayanti.