JSW Energy’s O2 Power acquisition tells us buying is better than building assets
3 months ago

JSW Energy’s O2 Power acquisition tells us buying is better than building assets

Live Mint  

JSW Energy Ltd has announced the acquisition of O2 Power Pooling, a company engaged in renewable power, for an enterprise value of ₹12,468 crore. Note that 4.7GW of capacity is split into three GW of solar and 1.7GW of wind—building this capacity would have come at the same cost, that is approximately ₹26,000 crore, as setting up solar power plants that cost ₹4 crore per MW, and ₹8 crore per MW for wind. For JSW Energy, building new capacity would have meant uncertain timeline and a lack of revenue visibility. Since FY27 will be the first full year of 2.3GW capacity getting operational, the acquisition is valued at EV/Ebitda of 8.3x, much cheaper than JSW Energy’s own valuation of 12x based on Bloomberg consensus estimates for FY27.

Energy Crore Capacity Jsw Jsw Energy O2 Power Power Acquisition  unit  energy  capacity  o2  better  power  acquisition  building  total  mw  assets  crore  buying  jsw  tells  cost  energys

History of this topic

JSW Energy appeals power regulator’s rejection of its battery storage plant tariff
2 months, 1 week ago

JSW Energy appeals power regulator’s rejection of its battery storage plant tariff

Live Mint  

Mumbai: A unit of JSW Energy has moved the Appellate Tribunal for Electricity against a recent order by the Central Electricity Regulatory Commission in a case that balances the sanctity of contracts with costs to the public exchequer. JSW Renew Energy Five Ltd has challenged the CERC's recent decision to not adopt tariffs for the company's upcoming battery energy storage …

JSW Energy Shares Rally Ahead In The Stock Market, Find Out Why
Trending News
3 months ago

JSW Energy Shares Rally Ahead In The Stock Market, Find Out Why

ABP News  

JSW Energy shares made a strong rally on Monday. This climb in the firm’s stock followed the announcement that its wholly-owned subsidiary JSW Neo Energy signed definitive agreements with the O2 Power group. The agreement will be inked between JSWNEL, O2 Power Pooling and O2 Power SG to acquire O2 Power Midco Holdings and O2 Energy SG along with their …

JSW Energy share price rises 8% as firm to acquire O2 Power’s green energy platform
3 months ago

JSW Energy share price rises 8% as firm to acquire O2 Power’s green energy platform

Live Mint  

Stock Market Today: JSW Energy share price gained almost 8% in morning trade on Monday as it announced plans to acquire a 100% stake in O2 Power Midco Holdings, O2 Energy SG Pte and their subsidiaries. JSW Energy share price thereafter rose to the day's highs of ₹673.05, marking gains of almost 8%. JSW Energy on Friday pot market hours …

JSW Energy share price gains 6%. Why are brokerages bullish on the stock?
3 months ago

JSW Energy share price gains 6%. Why are brokerages bullish on the stock?

India Today  

Shares of JSW Energy jumped by over 6% in early trade on December 30 after the company’s wholly-owned subsidiary, JSW Neo Energy, signed a definitive agreement to acquire O2 Power. The acquisition, valued at Rs 12,468 crore after adjusting for net current assets, has been positively received by market experts, who see it as a strong step towards enhancing JSW …

Stocks to watch today: Ola Electric, Hero MotoCorp, JSW Energy, Reliance Power
Trending News
3 months ago

Stocks to watch today: Ola Electric, Hero MotoCorp, JSW Energy, Reliance Power

India Today  

The stock market witnessed consolidation last week, as investors remained cautious amid persistent selling by Foreign Institutional Investors and muted global cues during the year-end festive season. Today, several stocks are in the spotlight due to key developments such as Reliance Power, Ola Electric, Hero MotoCorp, JSW Energy, etc. OLA ELECTRIC Ola Electric has seen key resignations with Chief Marketing …

JSW Neo Energy to acquire O2 Power at enterprise value of $1.47 billion
3 months ago

JSW Neo Energy to acquire O2 Power at enterprise value of $1.47 billion

Live Mint  

New Delhi: JSW Neo Energy, a wholly-owned subsidiary of JSW Energy Ltd, is set to acquire renewable energy platform O2 Power at an enterprise value of $1.47 billion. In a statement, JSW Energy said that the transaction entails acquisition of O2 Power Midco Holdings Pte. Sharad Mahendra, joint managing director and CEO of JSW Energy, said: “We are thrilled to …

NTPC Green, Mahapreit in JV to develop 10 GW green capacity
6 months ago

NTPC Green, Mahapreit in JV to develop 10 GW green capacity

Live Mint  

NTPC Green Energy Ltd, which is preparing for a public listing, has entered into a joint venture with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd to develop renewable energy parks and projects with a cumulative capacity of 10 GW across Maharashtra and other states. "The JV company will undertake development of 10 GW of renewable energy parks and projects …

JSW Energy shares jump 6% today: Kotak sees 56% downside
10 months, 3 weeks ago

JSW Energy shares jump 6% today: Kotak sees 56% downside

Hindustan Times  

JSW Energy share price: Shares of JSW Energy rose 6 per cent today after the company declared March quarter results and announced its final dividend for FY23. JSW Energy share price: JSW Energy reported a 22.4 per cent YoY rise in net profit at ₹ 345.30 crore for the March quarter. JSW Energy Q4 results JSW Energy reported a 22.4 …

JSW Energy raises ₹5,000 cr QIP to accelerate growth plans
11 months, 3 weeks ago

JSW Energy raises ₹5,000 cr QIP to accelerate growth plans

Live Mint  

JSW Energy Ltd., a part of the $23 billion JSW Group, announced that it has successfully raised ₹5,000 crore through the qualified institutions placement to accelerate its growth plans. The company further said that out of the ₹5,000 crore proceeds, it plans to use ₹3,139 crore towards prepayment of debt, while ₹611 crore will be used towards investment in Neo …

JSW Group and MG Motor JV to target 10 lakh EV sales by 2030, invest ₹5,000 crore
1 year ago

JSW Group and MG Motor JV to target 10 lakh EV sales by 2030, invest ₹5,000 crore

Hindustan Times  

JSW Group on Wednesday announced that a joint venture with MG Motor will aim to achieve sales of 10 lakh electric vehicles in India by 2030, capturing a significant share of the market. Mumbai: JSW Group Chairman Sajjan Jindal, JSW Cement Managing Director Parth Jindal and President and Managing Director of MG Motor India Rajeev Chaba unveil MG Cyberster electric …

JSW to roll out 3L e-cars, 1L e-CVs from Odisha plant
1 year, 1 month ago

JSW to roll out 3L e-cars, 1L e-CVs from Odisha plant

New Indian Express  

NEW DELHI: Billionaire Sajjan Jindal-led JSW Group, which on Saturday signed a Rs 40,000 crore MoU with the Odisha government to set up an integrated electric vehicles and EV battery manufacturing project in the state, is looking to manufacture 1 lakh electric commercial vehicles and 3 lakh electric passenger vehicle a year from the plant. Analysts tracking the auto sector …

JSW Group and Odisha govt unite for massive Electric Vehicle manufacturing venture
1 year, 1 month ago

JSW Group and Odisha govt unite for massive Electric Vehicle manufacturing venture

Live Mint  

JSW Group, a prominent Indian conglomerate, is set to make significant strides in the electric vehicle and battery manufacturing sector with a massive investment of 400 billion rupees in the eastern state of Odisha. In a joint statement released on Saturday, the conglomerate and the state government formalized their collaboration by signing a memorandum of understanding for the establishment of …

Odisha clears incentive package for JSW Group’s electric vehicle, battery plants
1 year, 2 months ago

Odisha clears incentive package for JSW Group’s electric vehicle, battery plants

Hindustan Times  

BHUBANESWAR: The Naveen Patnaik-led Odisha cabinet on Monday approved a special incentive package for the Sajjan Jindal-led conglomerate JSW Group’s electric vehicle and component manufacturing projects in Naraj, Cuttack and Paradip, saying they involve a combined investment of ₹40,000 crore, hold the potential to create 11,000 jobs and “usher in a new era of industrial growth and job creation in …

Telangana continues to receive investment plans by major industry players
1 year, 2 months ago

Telangana continues to receive investment plans by major industry players

The Hindu  

Assurances on investments in Telangana by major industry players continue with three companies announcing their resolve to set up their units in the State with total investment worth over ₹22,000 crore. JSW Neo Energy, a subsidiary of JSW Energy, has announced plans for setting up a pumped storage project in Telangana with an investment of ₹9,000 crore. JSW Neo Energy …

JSW Energy, IndiGo promoters pare stakes in large bulk deals
1 year, 7 months ago

JSW Energy, IndiGo promoters pare stakes in large bulk deals

Live Mint  

Mumbai: JSW Investments Pvt Ltd, the promoters of Sajjan Jindal-led JSW Group’s power generation arm JSW Energy Ltd, on Wednesday sold 1.3% stake or 21 million shares in the company, primarily to Rajiv Jain-led US-based asset manager GQG Partners Llp, for ₹717.6 crore in a bulk deal, according exchange filings. GQG Partners alone bought almost 1% stake or 16.7 million …

JSW Group dusts off electric vehicle plan after 3 years
2 years, 3 months ago

JSW Group dusts off electric vehicle plan after 3 years

Live Mint  

The crucial difference this time is that JSW is incubating the electric vehicle business under a private group entity, unlike its previous bid to house it under JSW Energy, a person aware of the development said. The move to revive its EV plan doesn’t sit well with its core businesses in manufacturing steel, cement, paints and electricity, which have strong …

JSW Energy Arm To Buy Mytrah Energy's Renewable Assets For Rs 10,530 Crore
2 years, 7 months ago

JSW Energy Arm To Buy Mytrah Energy's Renewable Assets For Rs 10,530 Crore

ABP News  

JSW Energy on Wednesday said that its arm JSW Neo Energy has agreed to buy a portfolio of 1.75 gigawatt renewable energy assets from Mytrah Energy for Rs 10,530 crore. This is the largest acquisition made by JSW Energy since inception, and will leapfrog the current operational generation capacity by over 35 per cent – from 4,784 MW to 6,537 …

JSW Energy Shares Jump 6% on Strong Q1 Results; What Should Investors Do Now?
2 years, 8 months ago

JSW Energy Shares Jump 6% on Strong Q1 Results; What Should Investors Do Now?

News 18  

Shares of the power producing company JSW Energy jumped up to 6 per cent as the company reported strong 1QFY23 results with 135 per cent YoY profit growth, on the back of higher revenues. Buoyed by the strong earnings, JSW Energy stock opened with a gain of 4.91 per cent at Rs 245.70 today against the previous close of Rs …

Mumbai-Based Conglomerate JSW Group Offering Rs 3 Lakh To Employees For EV. Check Eligibility
3 years, 3 months ago

Mumbai-Based Conglomerate JSW Group Offering Rs 3 Lakh To Employees For EV. Check Eligibility

ABP News  

New Delhi: Come New Year and employees of this Mumbai-based conglomerate have new reasons to cheer. JSW Group is offering up to Rs 3 lakh as an incentive to its employees for buying electric vehicles across India from January 1, 2022. This further strengthens our commitment to build a green future.#iPledgeGreen @byadavbjp https://t.co/ktcRJZxBXd — Sajjan Jindal December 27, 2021 "Aligned …

Adani Green Transfers 205 MW Solar Assets to JV with TOTAL for Rs 1,632 Crore
4 years, 5 months ago

Adani Green Transfers 205 MW Solar Assets to JV with TOTAL for Rs 1,632 Crore

News 18  

Adani Green Energy Ltd on Thursday said it has transferred 205 MW solar assets to its JV business with French energy major TOTAL SA for about Rs 1,632 crore. In a BSE filing, the company said it had earlier formed a 50:50 JV with TOTAL for 2,148 mega watt solar power assets in India. "The JV has today completed another …

JSW Energy in talks to acquire GMR's thermal power plant in Odisha
5 years, 5 months ago

JSW Energy in talks to acquire GMR's thermal power plant in Odisha

India TV News  

JSW Energy and GMR Infrastructure have entered into exclusive discussions regarding the sale of GMR's thermal power plant in Odisha, both the companies informed the stock exchange. "JSW Energy Limited has entered into exclusive discussions with GMR Energy Limited for potential acquisition of its subsidiary, GMR Kamalanga Energy Limited, which owns and operates a 1050 MW thermal power plant in …

JSW Energy Q3 profit rises 3-fold at ₹147 crore
6 years, 2 months ago

JSW Energy Q3 profit rises 3-fold at ₹147 crore

Live Mint  

Sajjan Jindal-promoted JSW Energy reported a 3-fold jump in net profit in the December 2018 quarter at ₹147.08 crore, up from ₹50.55 crore in the same period of the previous fiscal. As prices in the merchant power market pick up - they averaged at ₹4.28 a unit in the December quarter -- JSW Energy's sales on the spot market have …

JSW Energy signs pact with Jaiprakash Power to buy Bina power plant
9 years, 6 months ago

JSW Energy signs pact with Jaiprakash Power to buy Bina power plant

Live Mint  

Mumbai: Jaiprakash Power Ventures Ltd said on Tuesday that it has concluded the sale of two hydropower projects to JSW Energy Ltd at a deal valued less than the originally agreed ₹ 9,700 crore. A separate press release issued by JSW Energy said the deal to buy hydropower projects from Jaiprakash Power has been concluded for an asset value of …

JSW Energy to pay Rs 9700 cr for two of JP Power hydro-electric projects
10 years, 4 months ago

JSW Energy to pay Rs 9700 cr for two of JP Power hydro-electric projects

Firstpost  

The acquisition will make JSW Energy as the largest private sector hydro-power generator in the country. **New Delhi:**JSW Energy will acquire twohydro-electric projects of Jaiprakash Power Ventures in Himachal Pradesh for about Rs 9,700 crore. “JSW Energy has agreed to acquire from Jaiprakash Power Ventures and other shareholders, 100 per cent stake in Himachal Baspa Power company for a base …

JSW Energy to buy 2 hydro projects of JP Power for Rs 9,700 crore
10 years, 4 months ago

JSW Energy to buy 2 hydro projects of JP Power for Rs 9,700 crore

India TV News  

New Delhi: JSW Energy will acquire two hydro-electric projects of Jaiprakash Power Ventures in Himachal Pradesh for about Rs 9,700 crore. "JSW Energy has agreed to acquire from Jaiprakash Power Ventures and other shareholders, 100 per cent stake in Himachal Baspa Power company for a base enterprise value of Rs 9,700 crore," JSW Energy said in a statement. "The acquisition …

JSW Energy quarterly profit soars to Rs 214 crore
11 years, 8 months ago

JSW Energy quarterly profit soars to Rs 214 crore

The Hindu  

Private power utility JSW Energy on Friday posted a higher net profit of Rs 214.26 crore in the three months ended June 2013, primarily driven by higher income. In a statement, JSW Energy said its total income from operations in the latest quarter rose to Rs 2,471.96 crore. About the power sector, JSW Energy said that policy clarity related to …

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