On February 20, 2025, JSW Energy share price rose over 4%, reaching a day high of ₹477.00 at 10:35 AM, after opening at ₹451.00. The gain in JSW Energy share price came after the company revealed it would wait for all regulatory approvals before allocating funds for the acquisition of KSK Mahanadi Power. It is also seeking legal advice on the matter as it awaits approval from the anti-trust authority for its debt resolution plan. The National Company Law Tribunal (NCLT) has already approved JSW’s bid.
JSW Energy’s fully owned subsidiary, JSW Neo Energy, has entered into a renewable energy (RE) power purchase agreement (PPA) with Amazon for 180 MW of wind power. As a result of this agreement, the company’s secured RE Commercial and Industrial (C&I) capacity now totals 4.0 GW. This includes 2.7 GW of JSW group captive capacity and 1.3 GW of third-party C&I capacity, which also encompasses the capacity to be acquired from O2 Power.
JSW Energy currently has an operational generation capacity of 8.2 GW, covering thermal, hydro, and renewable energy (RE), along with a secured generation capacity of 30 GW. Additionally, the company holds 16.3 GWh of committed energy storage capacity via a battery energy storage system and a hydro-pumped storage project. The company aims to achieve a generation capacity of 20 GW and an energy storage capacity of 40 GWh well before 2030.
JSW Energy reported a 9% year-on-year decline in EBITDA, which stood at ₹1,115 Cr, primarily driven by lower short-term spreads despite higher overall generation. The company’s PAT and Cash PAT were ₹168 Cr and ₹507 Cr, respectively. It maintained a strong balance sheet with a Net Debt to Equity ratio of 1.0x, Net Debt to EBITDA ratio of 4.5x, and Net Debt to EBITDA (excluding CWIP) ratio of 2.8x. Additionally, the company’s receivables on a Days Sales Outstanding (DSO) basis stood at 96 days, and its Cash & Cash Equivalents totalled ₹4,947 Cr.
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Published on: Feb 20, 2025, 11:15 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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