JSW Energy shares jump 3% on commissioning of 450 MW wind project

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JSW Energy shares rose 3% today after the power producer said its arm JSW ReNew Energy has commissioned a 27 MW wind power generation capacity in Tamil Nadu’s Tuticorin as part of the first phase of its 450 MW wind project . JSW Energy stock touched an intraday high of Rs 319.15, up 2.84%, on the BSE.

JSW Energy stock is trading above 5 day, 20 day, 100 day and 200 day moving averages but below 50 day moving averages. They opened at Rs 311.15 against the previous close of Rs 310.35 on BSE. The stock is up 0.63% in one year and 3.77% in 2022. However, the stock has declined by 3.88% in one month.

A total of 0.49 lakh shares of the firm changed hands with a turnover of Rs 1.55 crore in the morning session. The market cap of the firm rose to Rs 51,478 crore on BSE.

Read also: Stocks in news: HDFC, JSW Energy, Tata Motors, Bajaj Consumer and more

The stock hit a 52-week high of Rs 369 on Sep 5, 2022 and a 52-week low of Rs 182 on Jun 20, 2022 on BSE.

“JSW Renew Energy Two Limited, a step-down subsidiary of JSW Energy Limited, has commenced phase-wise commissioning of 450 MW ISTS connected wind power project awarded under SECI Trench X at Tuticorin in Tamil Nadu, comprising 27 The commissioning of the first phase of Rs. MW. The project has a power purchase agreement with the Solar Energy Corporation of India (SECI) for 25 years. In addition to this project, the company will also build 1.8 GW of greenfield renewable energy capacity in an effort to reach 10 GW capacity before the FY25 deadline and 20 GW by FY30.

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