JSW Energy Share Price: JSW Energy recently signed a significant Energy Storage Facility Agreement (ESFA). Under this agreement, the company has partnered with the Maharashtra State Electricity Distribution Company Limited (MSEDCL). This deal is expected to bring a surge in the company’s stock price. Investors are advised to keep a close watch, as the company’s financial health and future plans indicate a potential for good returns.
Highlights:
- JSW Energy signed an agreement with MSEDCL for a 1,500 MW/12,000 MWh pumped hydro energy storage facility.
- The project will run for the next 40 years, and the company will receive a fixed capacity charge of ₹84.66 lakh per MW annually.
- The facility will be located in Maharashtra’s Nashik and Thane districts and will have 8 hours of energy storage capacity.
- JSW Energy’s total revenue stands at ₹114.86 billion, marking an 11.17% growth.
- The current share price of the company is ₹706.45, with a 52-week high of ₹804.90.
Key Points:
| Factor | Details |
|---|---|
| Agreement Partner | MSEDCL |
| Project Capacity | 1,500 MW/12,000 MWh |
| Fixed Capacity Charge | ₹84.66 lakh per MW/year |
| Project Location | Nashik and Thane, Maharashtra |
| Project Duration | 40 years |
| Current Share Price | ₹706.45 |
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Importance of the Agreement
JSW Energy’s agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) is crucial for the company’s growth and future strategies. This project will provide a steady and assured income for the next 40 years, positioning the company in a strong long-term position. The company’s subsidiary, JSW Energy PSP Two Ltd, will oversee this project.
Energy Storage Capacity
This project will be set up in Maharashtra’s Nashik and Thane districts and will have an 8-hour energy storage capacity. The project will not only improve grid stability but also ensure a smoother and more reliable electricity supply in the state.
Financial Performance of JSW Energy
According to the latest financial report, JSW Energy has shown strong progress. In the fiscal year 2023, the company reported total revenue of ₹114.86 billion, reflecting an 11.17% increase compared to the previous year. The net profit stood at ₹17.23 billion, up by 16.58%. With a market capitalization of ₹1.23 trillion, JSW Energy remains a solid player in the energy sector.
P/E Ratio and Financial Stability
The company’s P/E ratio stands at 60.30, indicating a strong valuation from investors relative to its earnings. This signals the company’s financial stability and makes it an attractive investment opportunity.
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Current Performance of JSW Energy
Recently, JSW Energy’s share price closed at ₹706.45, a decline of 3.07%. Over the past year, the company’s stock has seen a 77.79% surge, while the 52-week high reached ₹804.90. Furthermore, the company’s shares have given a return of 1059.06% over the last five years, making it a lucrative option for long-term investors.
Suggestions for Investors
Given JSW Energy’s latest projects and financial performance, experts believe that the company’s stock could continue to perform well. However, with market fluctuations in mind, investors should plan their investments carefully.
Frequently Asked Questions (FAQ) about JSW Energy Share
1. Which company has JSW Energy signed an agreement with?
JSW Energy has signed an agreement with MSEDCL for a 1,500 MW pumped hydro energy storage facility.
2. What is the current share price of JSW Energy?
The current share price of JSW Energy is ₹706.45.
3. What is JSW Energy’s 52-week high?
JSW Energy’s 52-week high is ₹804.90.
4. How has JSW Energy performed financially in recent times?
JSW Energy’s total revenue is ₹114.86 billion, and the net profit stands at ₹17.23 billion.
5. How much fixed capacity charge will the company receive from this project?
JSW Energy will receive a fixed capacity charge of ₹84.66 lakh per MW annually.
