Rs 2/Share Dividend In 2023: Energy Stock Bags LoA From PSU SJVN, Shares Rally 625% In 3-Yrs

Large cap company operating in power generation industry, JSW Energy Ltd on February 27 informed via its BSE filing about receiving a letter of award from miniratna category CPSE SJVN Ltd. Current market price of JSW Energy shares on BSE is Rs 522.70 with marginal decline of 0.25%. JSW Energy shares zoomed 151% in last 1-year and gained 27% year-to-date (YTD). The company in 2023 rewarded its shareholders with final dividend of Rs 2.00 per share. Check details below:

JSW Energy Bags LoA From SJVN Ltd: As per the BSE filing of JSW Energy dated February 27, 2024, "JSW Neo Energy Limited (or "JSW Neo"), a wholly owned subsidiary of JSW Energy Limited (or "The Company"), has received Letter of Award (LoA) for ISTS-connected solar capacity of 700 MW from SJVN Limited, against Tariff based Competitive Bid invited for setting up of 1,500 MW ISTS-connected Solar Power Projects."

Following the award of 700 MW capacity from SJVN Ltd, the Company's total locked-in capacity increases to 11.0 GW comprising of 1.4 GW of solar capacity. The project is required to supply power of full contracted capacity within 24 months from the effective date of PPA, added the filing.

JSW Energy has total locked-in generation capacity of 11.0 GW comprising of 7.2 GW operational, 2.6 GW under-construction across wind, thermal and hydro and LoAs for 1.2 GW capacity from SECI (Tranche - XVI) and SJVN. In addition, the Company has 3.4 GWh of locked-in energy storage capacity by means of battery energy storage system and hydro pumped storage project, stated the regulatory filing.

JSW Energy Shares Performance & Return: The 52-week high price of JSW Energy shares on BSE is Rs 537.90 apiece and 52-week low price is Rs 204.80 apiece, respectively. The company has a market capitalisation of Rs 85,070.85 crore.

JSW Energy shares gained 51% in last 6-months, soared 57% in last 2-years, and jumped 625% in last 3-years.

JSW Energy Dividend History: JSW Energy announced 13 dividends since June 29, 2010. In the past 12 months, JSW Energy Ltd. has declared an equity dividend amounting to Rs 2.00 per share. At the current share price of Rs 518.55, JSW Energy's dividend yield is 0.39%.

About JSW Energy: JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 23 billion JSW Group which has significant presence in sectors such as steel, energy, infrastructure, cement, sports among others. JSW Energy Ltd has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. With strong operations, robust corporate governance and prudent capital allocation strategies, JSW Energy continues to deliver sustainable growth, and create value for all stakeholders.

SJVN Ltd About: It is a Mini Ratna, Category-I and Schedule -'A' CPSE under administrative control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP).

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