JSW Energy bags LoI from Himachal Pradesh Govt for 126 MW Hydro Project

11 Oct 2022 , 02:53 PM

The said project, awarded on BOOT (build, own, operate and transfer) basis, has operational life of 40 years. JSW Neo Energy, a wholly owned subsidiary of JSW Energy, is a vehicle formed as a part of re-organisation of business to own all the renewable/green and new energy businesses. The company is evaluating opportunities to foray into emerging energy businesses of hydro pumped storage, battery energy storage, green hydrogen, and becoming an energy products & services company. JSW Energy is one of the leading private sector power producers in India and part of the $22 billion JSW Group. JSW Energy has presence across the value chains of the power sector with diversified assets in power generation, and transmission. The companys consolidated net profit surged 178.7% to Rs 560.43 crore in Q1 FY23, as against Rs 201.10 crore in Q1 FY22. Net sales climbed 75.2% YoY to Rs 3,026.27 crore in Q1 FY23. The scrip fell 3.95% to currently trade at Rs 332.05 on the BSE. Powered by Capital Market – Live News