Jsw energy share: JSW Energy shares saw a great rise of 5.06 percent on 5 February today. This stock has closed at Rs 493.55 on BSE. In fact, the company has received an order to develop a 1600 MW capacity thermal power plant in West Bengal. After this news, the company’s shares saw fierce shopping today. With today’s speed, its market cap has increased to Rs 86,261 crore. The 52-wheel high of the stock is Rs 804.95 and 52-wheel is Rs 439.35.
What did JSW Energy say on the order?
JSW Energy said it received an order from West Bengal State Electricity Distribution Company Limited to develop and operate a 1600 MW capacity Greenfield Super/Ultra Super Critical Domestic Coal Based Thermal Power Plant.
The company said in the exchange filing that the plant will use the domestic linkage coal allocated under the Shakti B (IV) policy to West Bengal. This is followed by JSW Energy’s total lock-in generation capacity 30 GW, which includes 9 GW thermal capacity. “With this, the company is ready to achieve its target of 20 GW generation capacity before 2030,” the company said.
Last week, the company’s joint MD and CEO Sharad Mahendra said that JSW Energy is expected to demand a strong demand for India’s power sector in the fourth quarter, inspired by rising government spending, rising private investment and stable manufacturing growth. He said that in the first few weeks of January, the merchant tariff has already seen a boom.
Brokerage opinion on JSW Energy
Brokerage firm Jefferies advised investors to “Buy The Weakness” in the shares of JSW Energy Limited after the December quarter results. However, it reduced its target price on stock by 21% to ₹ 680 per share. Seven of the 12 analysts coverage on JSW Energy have given it a “Buy” rating, three have given it a “hold” rating, while two have advised to sell it.
JSW Energy Revenue declined by 5.6 per cent compared to last year, while Ebitda declined by 17.5% on an annual basis. Jefferies said the Ebitda was much lower than expectations for the quarter, while low merchant price and flat fuel costs damaged. Brokerage said that the company is on the right path to meet the target of its 9.2 GW financial year 2025. Jefferies has reduced JSW Energy Ebitda Estimates by 6% to 7% for the financial year 2026-2027.
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