Sajjan Jindal-promoted JSW Energy has expressed interest in bidding for stressed assets of Bhushan Energy, the third among the Singhal family’s debt-laden companies that have been admitted in the bankruptcy court.
Merchant power rates have shot up 50 per cent in the past week to over Rs 6 per unit. While this augurs well for most of the power-generating companies, JSW Energy will be the biggest beneficiary amongst the large power generators since it sells over 25 per cent of the capacity through the merchant route.
JSW Energy, an arm of the JSW Group in India, today posed a net loss of Rs 480.05 crore for the quarter ended March 2018 owing to higher fuel cost and provisions against outstanding payments.
JSW Energy today said it has appointed Sergio Luiz Pegoraro Rocha Chief Operating Officer to drive its the Electric Vehicles (EV) business.
JSW Energy Ltd. plans to launch its electric vehicle in the next three-four years and is looking at potential partners for it, company’s Managing Director and Chief Executive Officer Prashant Jain told BloombergQuint in an interaction.
Sajjan Jindal-led JSW Energy today reported a nearly two-fold increase in net profit for the quarter ended December 31 at Rs 50.55 crore mainly on the back of improved revenues, decline in finance cost and lower effective tax rate.
Tata Group-backed Resurgent Power has emerged as frontrunner to buy Jaypee Power Venturesafter lenders, who own majority shares, put it on the block, said people directly aware of the matter. Jaypee has 2,200 MW of hydro and coal-fired power generation assets, with Rs 12,000 crore in loans following the debt restructuring. Two Middle East sovereign funds — Kuwait Investment […]
Sajjan Jindal-led JSW Energy today said its deal with Jaiprakash Power Ventures to acquire 500 MW Bina thermal power plant is terminated following lapse of time for completion of the transaction yesterday.
JSW Energy has successfully secured Power Purchase Agreements (PPAs) aggregating to 208 MW. This consists of 176 MW PPA with Haryana Power Purchase Centre to be supplied from the Karcham Wangtoo Hydro Electric Project of Himachal Baspa Power Company.
JSW Energy today said it has secured power purchase pacts aggregating to 208 MW, taking the long-term PPA proportion of the company on a consolidated basis to 69.3 per cent from 64.6 per cent.