JSW Energy Signs Agreement For Blended Wind Capacity; Stock Edges Lower
Share Price of JSW Energy edged lower by one per cent on Tuesday, May 4, a day after the company signed a power purchase agreement with the Solar Energy Corporation of India or SECI for 540 megawatt (MW) of wind-based electricity. On Tuesday, JSW Energy opened on the BSE at ₹ 115.55, touching an intra day high of ₹ 116 and an intra day low of ₹ 106.50, in the trading session so far. According to a regulatory filing by the firm to the BSE, JSW Energy signed a power purchase agreement to PPA with SECI for the contracted capacity of 540 MW out of a total awarded capacity of 810 MW. According to the statement, the current agreement is the single largest power purchase agreement for the wind/blended wind category in the industry, and also marks the foray of the company into the wind or blended wind energy generation segment. JSW Renew Energy Limited is a wholly-owned subsidiary of JSW Future Energy Limited.
On the NSE, JSW Energy opened at ₹ 114.95, witnessing an intra day high of ₹ 116 and an intra day low of ₹ 106.50, in the session so far. It was last trading 0.90 per cent lower at ₹ 109.55 on the NSE.
Shares of JSW Energy were last trading 0.77 pe recent lower at ₹ 109.50 on the BSE.