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04-Dec2017

JSW Energy surges on securing PPAs aggregating to 208 MW

JSW Energy is currently trading at Rs. 84.90, up by 1.15 points or 1.37% from its previous closing of Rs. 83.75 on the BSE.

The scrip opened at Rs. 84.70 and has touched a high and low of Rs. 85.60 and Rs. 83.80 respectively. So far 210178 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.25 on 01-Dec-2017 and a 52 week low of Rs. 54.70 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 89.25 and Rs. 80.90 respectively. The current market cap of the company is Rs. 13735.46 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 14.55% and 10.46% respectively.

JSW Energy has successfully secured Power Purchase Agreements (PPAs) aggregating to 208 MW. This consists of 176 MW PPA with Haryana Power Purchase Centre to be supplied from the Karcham Wangtoo Hydro Electric Project of Himachal Baspa Power Company, a 100% subsidiary of the company and 32 MW under Group Captive scheme to be supplied from the Ratnagiri plant of the company.

With this, the long term PPA proportion of the company on a consolidated basis has increased from 64.6% at end of Q2FY18 to 69.3% currently.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.


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