Previous close | 628.50 |
Open | 622.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 611.65 - 638.70 |
52-week range | 240.00 - 638.70 |
Volume | |
Avg. volume | 4,068,158 |
Market cap | 1.093T |
Beta (5Y monthly) | 0.03 |
PE ratio (TTM) | 62.73 |
EPS (TTM) | 9.99 |
Earnings date | 21 May 2024 - 25 May 2024 |
Forward dividend & yield | 2.00 (0.32%) |
Ex-dividend date | 02 Jun 2023 |
1y target est | 74.11 |
BENGALURU (Reuters) -Power producer JSW Energy said on Tuesday it would raise up to 50 billion rupees ($599.5 million) by selling shares to institutional investors. The share placement could be done in one or more tranches at a floor price of 510.09 rupees apiece on April 5 - a 6% discount to the company's last closing price of 540.20 rupees, JSW Group's energy arm said. JSW Energy's shares closed 4.6% higher ahead of the news.
India's JSW Energy reported a jump in third-quarter profit on Tuesday, helped by greater power demand and lower fuel costs. India's electricity generation rose 8.7% year-on-year in the December quarter, which analysts attributed to festive activities and strong industrial demand. The country's average peak demand during the quarter increased 13.8% year-on-year to 218 gigawatts (GW), analysts said.
Jindal Power has proposed to top a bid by Adani Power, led by billionaire Gautam Adani, for a thermal power plant, two sources with direct knowledge of the matter said, as India looks to drum up investment in coal-fired power. The tussle for the 1,980-megawatt plant in central India, ensnared in insolvency proceedings, comes after the power minister called last November for more private investment to meet a dramatic rise in electricity demand. In a letter, Jindal Power, a unit of Jindal Steel and Power, has asked India's insolvency court to allow it to participate in an auction for the Amarkantak project, said the sources, who sought anonymity as they were not authorised to talk to media.