JSW Energy Secures 25-Year, 400 MW Power Supply Deal
JSW Energy Ltd has secured a significant power supply contract. The company's subsidiary, JSW Energy (Utkal) Ltd, received a Letter of Award (LoA) from Power Company of Karnataka Limited (PCKL) for a 400 MW power supply arrangement. The identity of the JSW Energy Ltd CEO who received the LoA is not explicitly stated.
The 25-year agreement commences on 1st April 2026, with Coal India Limited supplying coal under the SHAKTI Scheme 2017. This long-term deal, subject to regulatory approvals and a Power Purchase Agreement (PPA), will tie up 57% of JSW Energy (Utkal)'s total capacity, ensuring stable long-term earnings.
JSW Energy's power generation under long-term PPAs grew impressively by 73% to 11.8 billion units. Overall net power generation rose 71% YoY to 13.5 billion units, with renewable energy contributing 5 billion units, up 54%. During the quarter, JSW Energy added 1,893 MW of capacity, increasing its total installed base to 12,768 MW, up 70% YoY. This includes 1,343 MW from the Mytrah Energy acquisition and 550 MW from new renewable projects.
The company reported a 42.4% year-over-year jump in consolidated net profit to Rs 743 crore, driven by strong growth in both renewable and thermal generation. Total revenue rose 78.6% YoY to Rs 5,143 crore, while EBITDA almost doubled to Rs 2,789 crore, up 96.8%, with an operating margin improvement to 54.2%.
Despite the day's high of Rs 552.70 on 17th October, shares of JSW Energy Ltd fell nearly 1% and were trading 0.63% lower at Rs 545.15 on NSE at 12:19 PM. This significant power supply contract is expected to strengthen JSW Energy's financial position and support its long-term growth.
