Power stock jumps after partnering with Indus towers for 445 MW renewable energy projects

A leading energy company has reached a milestone of 20 GW in total power generation capacity, showcasing significant growth in renewable energy. This includes 3.1 GW from commercial and industrial projects, bolstered by new agreements with major players like DCM Shriram and Indus Towers. This achievement highlights its commitment to sustainable energy solutions.

Share Price Movement 

The share price of JSW Energy Limited went up by 3.12 percent to Rs. 699.8 per share on Monday, an increase from its previous close of Rs. 678.6 per share. The market capitalisation now stands at approximately Rs. 1,20,543 crore as of December 16, 2024.

What Happened 

JSW Energy has secured renewable energy projects totalling 445 MW in the commercial and industrial (C&I) power market, raising its locked-in capacity to 20 GW. The projects include partnerships with DCM Shriram Ltd. and Indus Towers Ltd., reflecting its commitment to sustainable energy. The current operational C&I capacity is 488 MW.

Q2 Financial Highlights

According to its recent filing, in the quarter ending September 2024, JSW Energy’s consolidated revenue from operations has decreased by 0.64 percent YOY from Rs. 3,259 crore in Q2 FY24 to Rs. 3,238 crore in Q2 FY25 and increased by 12.1 percent QoQ from Rs. 2,879 crore in Q4 FY24. 

The company’s consolidated net profit has increased by 2.33 percent, from Rs. 857 crore in Q2 FY24 to Rs. 877 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by  64.2 percent QoQ from Rs. 534 crore.

Market Outlook 

Global energy consumption is steadily rising, driven by Asia and the United States, while Europe sees a decline. Electricity now accounts for 20% of final energy consumption, reflecting a shift towards clean energy. Renewables are projected to contribute up to 85% of global power generation by 2050, supported by advances in solar and nuclear energy. Emerging markets like Africa and the Middle East show rapid growth, while flexible energy systems and long-term storage are critical to ensuring supply stability amidst rising demand.

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Shareholding Pattern

As of the September 2024 shareholding pattern, JSW Energy Limited is primarily held by the promoters at 69.32 percent, foreign institutional investors hold 14.92 percent, and the public with 5.81 percent.

About Company 

JSW Energy Limited is a leading force in India’s energy industry, excelling in power generation, transmission, and trading. Founded in 1994 as Jindal Tractebel Power Company Limited, it is a part of the esteemed JSW Group. With a strong focus on innovation and sustainability, the company has risen to prominence in the competitive power sector. Headquartered in Mumbai, its CEO, Prashant Jain, has steered the company toward remarkable growth since 2017.  

Operating with an installed capacity of 6,677 MW, JSW Energy’s diverse energy portfolio spans thermal, hydropower, wind, and solar energy. Its thermal plants operate in Karnataka, Maharashtra, and Rajasthan, while its hydropower facilities are in Himachal Pradesh. Solar projects thrive in Rajasthan and Andhra Pradesh. The company also engages in coal and lignite mining, power plant maintenance, and trading, emphasising operational diversity and efficiency.  

JSW Energy remains dedicated to sustainability and expansion, reducing environmental impacts while exploring global opportunities. Recognised for its excellence and commitment, the company continues to power India’s growth with reliable and eco-friendly energy solutions.

Written By Fazal Ul Vahab C H

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