JSW Energy Share Price in Focus as It Jumps 15% in 4 Days

JSW Energy share price have been on a strong rally, gaining 15.13% over the last 4 trading sessions. On Tuesday, the stock surged 6.11% in intraday trade on the BSE, hitting a high of ₹497 per share.

Meanwhile, the BSE Sensex was down 433 points (0.57%) at 10:25 AM and has dropped 1% over the last four sessions.

Acquisition of KSK Mahanadi Power

JSW Energy recently received NCLT approval to acquire KSK Mahanadi Power Company (KMPCL), a thermal plant in Chhattisgarh. The acquisition is expected to be completed by Q1FY26, pending approval from the Competition Commission of India (CCI).

KMPCL is a 3.6 GW coal-based plant with 1.8 GW operational capacity and an additional 1.8 GW expansion potential. JSW Energy won the bid for the plant at ₹15,990 crore under the insolvency process.

Growth Drivers & Market Position

JSW Energy is expanding its market share in competitive bids and integrating its business models, making it a key player in India’s energy sector. 

Recent Financial Performance

In Q3FY24, JSW Energy’s profit and revenue declined. Net profit fell 32% YoY to ₹157.5 crore, revenue dropped 5.6% YoY to ₹2,400 crore, and EBITDA decreased 21.2% YoY to ₹874.8 crore. The EBITDA margin shrank from 43.7% to 36.5%.

About JSW Steel Limited

JSW Steel Limited, a Mumbai-based multinational steel producer and the flagship company of the JSW Group, became India’s second-largest private steel firm following its merger with Bhushan Power & Steel, Ispat Steel, and Jindal Vijayanagar Steel Limited.

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