Synopsis:
JSW Power Ltd has secured a long-term 400 MW, 25-year energy provide association with Energy Firm of Karnataka Restricted, strengthening income visibility and long-term earnings.
A number one energy sector participant got here into focus after asserting a long-term 400 MW, 25-year energy provide association with Energy Firm of Karnataka Restricted, highlighting strengthened income visibility and long-term earnings stability for its operations.
JSW Power Ltd, with a market capitalization of Rs. 94,973.74 crore, opened at Rs. 551.25 and touched a excessive of Rs. 552.95 towards a earlier shut of Rs. 548.65, marking an intraday rise of 0.78 %.
What’s the Information?
JSW Power (Utkal) Restricted (“Utkal”), a subsidiary of JSW Power Ltd, has obtained a Letter of Award from Energy Firm of Karnataka Restricted for a 400 MW energy provide association over 25 years, efficient April 1, 2026. Coal for the challenge shall be sourced from Coal India Restricted underneath the SHAKTI Scheme 2017.
Following regulatory approvals and the signing of the Energy Buy Settlement, 57 % of Utkal’s complete capability shall be dedicated underneath this contract, securing long-term earnings visibility.
JSW Power at the moment has 30.5 GW of locked-in technology capability, together with 13.2 GW operational, 12.5 GW underneath development, 150 MW underneath acquisition in hydro, and a 4.6 GW pipeline.
The corporate additionally holds 29.4 GWh of vitality storage capability through hydro pumped storage (26.4 GWh) and battery vitality storage methods (3.0 GWh). JSW Power goals to achieve 30 GW technology capability and 40 GWh vitality storage capability by FY2030 and obtain Carbon Neutrality by 2050.
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Monetary Snapshot – Q1FY26 Outcomes
Quarter-on-Quarter (QoQ): Gross sales grew from Rs. 3,189 crore to Rs. 5,143 crore, an increase of 61.3 %. Working revenue rose from Rs. 1,204 crore to Rs. 2,789 crore, up 131.7 %. Revenue earlier than tax elevated from Rs. 361 crore to Rs. 1,015 crore, up 181.7 %, whereas internet revenue rose from Rs. 415 crore to Rs. 836 crore, up 101.0 %.
Yr-on-Yr (YoY): Gross sales elevated from Rs. 2,879 crore to Rs. 5,143 crore, a development of 78.6 %. Working revenue rose from Rs. 1,418 crore to Rs. 2,789 crore, up 96.7 %. Revenue earlier than tax climbed from Rs. 698 crore to Rs. 1,015 crore, an increase of 45.4 %, whereas internet revenue elevated from Rs. 534 crore to Rs. 836 crore, up 56.5 %.
JSW Power Ltd is ready to announce its Q2FY26 outcomes at this time, with traders intently awaiting development traits in income, earnings, and operational efficiency throughout its diversified energy portfolio.
In regards to the Firm
JSW Power Ltd, a part of the USD 23 billion JSW Group, is amongst India’s main non-public energy producers with diversified belongings in thermal, hydro, renewable, and transmission sectors.
Established in 2000 with its first 2×130 MW thermal crops at Vijayanagar, Karnataka, the corporate has grown its technology capability to 13.2 GW and is establishing initiatives value 12.5 GW.
With sturdy governance, prudent capital allocation, and a deal with sustainability, JSW Power goals to realize 30 GW technology capability and 40 GWh vitality storage capability by 2030, whereas concentrating on Carbon Neutrality by 2050.
Written by Manan Gangwar
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