JSW Renewable Energy Coated Ltd completes acquisition of 45 MW Wind Project of Reliance Power

JSW Renewable Energy (Coated) Limited, a whollyowned subsidiary of JSW Neo Energy Limited (or "JSW Neo") and a step down subsidiary of JSW Energy (or "the Company"), has acquired 45 MW of Wind based Renewable Energy Project from Reliance Power Limited located at Jath, Sangli District, Maharashtra.

The aforesaid transaction is now closed after obtaining the necessary customary approvals.

JSW Energy has total locked-in generation capacity of 12.5 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoA/LoIs for 2.7 GW capacity from SECI (Solar Tranche XIII and Wind Tranche XVI), SJVN and GUVNL. In addition, the company has 3.4 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. The Company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

Shares of JSW Energy Limited was last trading in BSE at Rs. 615.65 as compared to the previous close of Rs. 615.95. The total number of shares traded during the day was 126730 in over 3082 trades.

The stock hit an intraday high of Rs. 627.80 and intraday low of 609.45. The net turnover during the day was Rs. 78414137.00.

Shares of Reliance Power Limited was last trading in BSE at Rs. 27.41 as compared to the previous close of Rs. 28.34. The total number of shares traded during the day was 7037534 in over 19189 trades.

The stock hit an intraday high of Rs. 28.30 and intraday low of 26.93. The net turnover during the day was Rs. 191572131.00.

Source : Equity Bulls

Keywords

JSWEnergy INE121E01018 JSWRenewableEnergyCoated ElectricUtilities Acquisition ReliancePower INE614G01033 45MW WindPowerProject