JSW Energy gains on receiving LoA for supply of 290 MW for period of 3 years

JSW Energy is currently trading at Rs. 66.75, up by 0.55 points or 0.83% from its previous closing of Rs. 66.20 on the BSE.

The scrip opened at Rs. 65.75 and has touched a high and low of Rs. 66.75 and Rs. 66.70 respectively. So far 53243 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 77.00 on 28-May-2019 and a 52 week low of Rs. 56.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 67.45 and Rs. 65.05 respectively. The current market cap of the company is Rs. 10869.52 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 15.25% and 9.79% respectively.

JSW Energy has received a Letter of Award (LoA) for supply of 290 MW for a period of 3 years from its Vijayanagar Plant. Power supply will commence post signing of Power Purchase Agreement in due course.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.