JSW Energy Share Price Surges Over 5%; Secures 400 MW Power Supply Deal with Karnataka DISCOMs

JSW Energy (Utkal) Limited, a subsidiary of JSW Energy Ltd, has entered into a long-term arrangement with multiple electricity distribution companies in Karnataka.  

The agreement covers the supply of 400 MW of power for 25 years beginning April 1, 2026, marking a notable expansion in the company’s contracted portfolio. 

Details of the New Power Purchase Agreement 

As per exchange filings, the company confirmed that it has signed a Power Purchase Agreement (“PPA”) with multiple Karnataka DISCOMs for the supply of 400 MW of power, starting April 1, 2026, for a tenure of 25 years at a tariff of ₹5.78 per kWh. 

With this allocation, JSW Energy’s open capacity reduces from roughly 8% to around 5% of its operational capacity, strengthening long-term earnings visibility and supporting risk diversification within its generation portfolio.  

The company’s locked-in generation capacity has now reached 30.5 GW, which includes operational assets, ongoing construction across thermal and renewable projects, hydro assets under acquisition, and a substantial development pipeline.  

Additionally, JSW Energy holds 29.4 GWh of secured energy storage capacity spanning pumped hydro and battery storage projects. 

Company Background and Strategic Outlook 

JSW Energy Ltd, part of the $23 billion JSW Group, is a major private power producer with established operations in generation and transmission.  

Since commencing commercial operations in 2000 with its first plant in Karnataka, the company has expanded its generation capacity from 260 MW to 13.3 GW, supported by a diversified asset base and strong governance practices. It is currently developing an additional 12.4 GW of capacity.  

The company reiterated its commitment to long-term goals, noting that it remains committed to its strategic goals of achieving 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030 and is on track to achieve carbon neutrality by 2050. 

Read More: JSW Energy Share Price in Focus: GQG Sells ₹677 Crore Stake — 3 Key Things Investors Should Watch! 

JSW Energy Share Price Performance  

As of December 12, 2025, at 2:53 PM, JSW Energy share price is trading at ₹480.25 per share, reflecting a surge of 4.90% from the previous closing price. Over the past month, the stock has declined by 9.05%. The stock's 52-week high stands at ₹700.90 per share, while its low is ₹418.75 per share. 

Conclusion  

The new PPA significantly enhances JSW Energy’s contracted capacity while reducing exposure to open-market risks. With expanding generation and storage assets, the company is progressing steadily toward its 2030 capacity targets and long-term decarbonisation goals, further reinforcing its position as a leading private power producer in India.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

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