JSWENERGY

** Power generator JSW Energy JSWE.NS rises as much as 3.6% to 533 rupees

** Co's Q1 profit rises 42.43% y/y , rev up 78.6% y/y

** Says, net generation up 71% y/y to 13.5 BUs

** Growth primarily due to capacity addition with acquisitions of energy supplier O2 Power, power plant Mahanadi

** Coal-based Vijayanagar plant's output up 92% after long-term tie-up with JSW Steel JSTL.NS, easing exposure to merchant market, imported coal, say analysts

** Jefferies sees capacity growth, demand rise, and stable prices as key triggers for co

** Stock is rated 'buy' on average by 16 analysts, with median PT at 596 rupees - data compiled by LSEG

** YTD, stock down ~20%

($1 = 87.2950 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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July 31 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY Q1 CONSOL NET PROFIT 7.43 BILLION RUPEES

• JSW ENERGY Q1 CONSOL REVENUE FROM OPERATIONS 51.43 BILLION RUPEES

Further company coverage: JSWE.NS

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July 25 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - SETTLEMENT PLAN FOR SETTLEMENT OF DEBT OF KSK WATER INFRASTRUCTURES

Source text: ID:nBSE622qR

Further company coverage: JSWE.NS

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July 1 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - BATTERY ENERGY STORAGE PURCHASE AGREEMENTS WITH RAJASTHAN VIDYUT UTPADAN NIGAM

• JSW ENERGY LTD - UNIT SIGNS BESPA FOR 250 MW / 500 MWH BESS

• JSW ENERGY LTD - AGREEMENTS SIGNED FOR 12 YEARS WITH TARIFF OF 224,000 RUPEES PER MW PER MONTH

Source text: ID:nBSE7HfT4T

Further company coverage: JSWE.NS

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June 25 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - SUBSIDIARIES FILE WRIT PETITIONS IN ANDHRA PRADESH HIGH COURT

• JSW ENERGY LTD - PETITIONS CHALLENGE ELECTRICITY LATE PAYMENT SURCHARGE RULES

• JSW ENERGY - ANDHRA PRADESH POWER COMPANIES DENY PAYMENT OF CERTAIN DUES OF ABOUT 5.07 BILLION RUPEES

Source text: ID:nBSE9NmYky

Further company coverage: JSWE.NS

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June 23 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - GETS NOD OF COMMITTEE OF CREDITORS FOR SETTLEMENT PROPOSAL FOR KSK WATER INFRASTRUCTURES

Source text: ID:nBSE7PFJGn

Further company coverage: JSWE.NS

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** Power generator JSW Energy JSWE.NS rises 2.79% to 501.05 rupees

** Co's Q4 profit rises 16.1% to 4.08 billion rupees ($47.7 million)

** Revenue from operations rises 15.7% y/y, driven by strong demand amid soaring temperatures

** Stock is rated 'buy' on average by 15 analysts, with median PT at 613 rupees - data compiled by LSEG

** With session's gains, stock trims 12-month decline to 15.4%

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

May 15 (Reuters) - India's JSW Energy JSWE.NS posted a rise in fourth-quarter profit on Thursday, driven by strong demand amid soaring temperatures.

The company's consolidated net profit rose 16.1% to 4.08 billion rupees ($47.7 million) in the quarter, from 3.51 billion rupees in the year-ago period.

Revenue from operations rose 15.7% to 31.89 billion rupees.

For further results highlights, click (Full Story)

KEY CONTEXT

Power demand grew steadily in the January-to-March quarter due to rising temperatures in the country, including early heatwaves in parts of India.

India's power demand during the quarter rose 3.2% year-on-year to 414 billion units, the company said.

JSW Energy generates 8,400 megawatts (MW), with 3,508 MW from thermal, 1,391 MW from hydro, 2,826 MW from wind and 675 MW from solar.

Peer Tata Power TTPW.NS reported a fourth-quarter profit surge on strong power demand, while Torrent Power's TOPO.NS profit more than doubled due to lower costs.

PEER COMPARISON

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JANUARY-MARCH STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 85.4590 Indian rupee

(Reporting by Yagnoseni Das and Anuran Sadhu in Bengaluru; Editing by Vijay Kishore)

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By Sarita Chaganti Singh

NEW DELHI, April 18 (Reuters) - India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure.

The proposal by Prime Minister Narendra Modi's government is the latest step to expand nuclear power production capacity by 12 times to 100 gigawatts by 2047 as well as provide a fillip to India in trade and tariff negotiations with the U.S.

A draft law prepared by the department of atomic energy removes a key clause in the Civil Nuclear Liability Damage Act of 2010 that exposes suppliers to unlimited liability for accidents, the three sources said.

India's atomic energy department, the prime minister's office and the finance ministry did not respond to requests seeking comment.

"India needs nuclear power, which is clean and essential," said Debasish Mishra, chief growth officer at Deloitte South Asia.

"A liability cap will allay the major concern of the suppliers of nuclear reactors."

The amendments are in line with international norms that put the onus on the operator to maintain safety instead of the supplier of nuclear reactors.

New Delhi is hoping the changes will ease concerns of mainly U.S. firms like General Electric Co GE.N and Westinghouse Electric Co that have been sitting on the sidelines for years due to unlimited risks in case of accidents.

Analysts say passage of the amended law is crucial to negotiations between India and the U.S. for a trade deal this year that aims to raise bilateral trade to $500 billion by 2030 from $191 billion last year.

Modi's administration is confident of getting approval for the amendments in the monsoon session of parliament, set to begin in July, according to the sources.

Under the proposed amendments, the right of the operator to compensation from the supplier in case of an accident will be capped at the value of the contract. It will also be subject to a period to be specified in the contract.

Currently, the law does not define a limit to the amount of compensation an operator can seek from suppliers and the period for which the vendor can be held accountable.

LAW GREW OUT OF BHOPAL DISASTER

India's 2010 nuclear liability law grew out of the 1984 Bhopal gas disaster, the world's deadliest industrial accident, at a factory owned by U.S. multinational Union Carbide Corp in which more than 5,000 people were killed.

Union Carbide agreed to pay an out-of-court settlement of $470 million in damages in 1989.

The current liability law effectively shut out Western companies from a huge market, and also strained U.S.-Indian relations since they reached a deal on nuclear cooperation in 2008.

It also left U.S. firms at a disadvantage to Russian and French companies whose accident liability is underwritten by their governments.

The draft law also proposes a lower liability cap on small reactor operators at $58 million, but is unlikely to alter the cap for large reactor operators from the current level of $175 million, the three sources said.

India is betting big on nuclear power to meet its rising energy demand without compromising on net-zero commitments, for which it proposes to allow private Indian companies to build such plants.

Indian conglomerates like Reliance Industries RELI.NS, Tata Power TTPW.NS, Adani Power ADAN.NS and Vedanta Ltd VDAN.NS have held discussions with the government to invest around $5.14 billion each in the sector.

($1 = 85.6320 Indian rupees)

(Reporting by Sarita Chaganti Singh, Editing by Raju Gopalakrishnan.)

(([email protected];))

April 9 (Reuters) - JSW Energy Ltd JSWE.NS:

• NEO COMPLETES ACQUISITION OF 4.7 GW RE PLATFORM FROM O2 POWER

• PLATFORM VALUED AT 124.68 BILLION RUPEES

• 135 BILLION RUPEES CAPEX TO REACH 4696 MW CAPACITY BY JUNE 2027

• TO HAVE EBITDA GENERATION OF 15 BILLION RUPEES FROM 2,259 MW CAPACITY (LIKELY TO BE OPERATIONAL BY JUNE 2025)

Source text: ID:nBSE2SStGN

Further company coverage: JSWE.NS

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April 1 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - INSTALLED GENERATION CAPACITY AT END OF FY2025 STANDS AT 10.9 GW

• JSW ENERGY LTD - IN Q4 OF FISCAL YEAR, CO HAS ADDED 2.8 GW OF OPERATIONAL CAPACITY

Source text: ID:nBSE23whxP

Further company coverage: JSWE.NS

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MUMBAI, March 19 (Reuters) - India's JSW Energy JSWE.NS plans to raise an aggregate of 8 billion rupees ($92.3 million) by selling bonds maturing in three years and in five years, three merchant bankers said on Wednesday.

The company will pay an annual coupons of 8.75% and 8.80% on three-year and five-year bonds, respectively.

It has invited commitment bids from bankers and investors for both the bonds later in the day, bankers said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 19:

*Size includes base plus greenshoe for some issues

($1 = 86.6575 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))

** Shares of JSW Energy JSWE.NS rise 3.2% to 530.35 rupees

** Brokerage Jefferies raises JSWE's price target to 700 rupees from 680 rupees, retains "Buy" rating

** JSWE should see 54% capacity growth to 15.7 GW from O2's 2.3 GW renewable energy acquisition, 350 MW Ind-Bharath coal, and 7.6 GW construction renewable energy projects - note

** Jefferies sees execution delays and aggressive bidding as risks

** Analysts have average rating of "Buy" with average price target of 617.38 rupees - LSEG

** JSWE down ~17% YTD

(Reporting by Vijay Malkar)

(([email protected];))

** Thermal and renewable power provider JSW Energy JSWE.NS up 5.38% at 507.1 rupees

** Competition Commission of India approves co's acquisition of KSK Mahanadi Power Company (KPMCL)

** KPMCL owns a 3600 MW thermal power plant in Chhattisgarh state, of which units producing 1800 MW are operational and the remaining under construction

** Acquisition to take JSWE's total locked-in thermal generation capacity to 7.5 GW, accelerating expansion ahead of target, co has said

** With session's gains, stock now largely flat in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

March 4 (Reuters) - JSW Energy Ltd JSWE.NS:

• INDIA COMPETITION REGULATOR: APPROVES PROPOSED ACQUISITION OF 100% SHAREHOLDING IN KSK MAHANADI POWER COMPANY BY JSW ENERGY

Source text: [ID:]

Further company coverage: JSWE.NS

(([email protected];;))

MUMBAI, March 3 (Reuters) - India's JSW Energy JSWE.NS has accepted bids worth an aggregate of 12 billion rupees ($137.40 million) for bonds maturing in three years as well as five years, three merchant bankers said on Monday.

The company accepted bids worth 7 billion rupees and 5 billion rupees on these issues and will pay annual coupons of 8.75% and 8.80%, respectively.

It had invited commitment bids from bankers and investors for both the bonds on Monday, bankers said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 3:

*Size includes base plus greenshoe for some issues

($1 = 87.3375 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

(([email protected]))

MUMBAI, Feb 28 (Reuters) - India's JSW Energy JSWE.NS plans to raise 12 billion rupees ($137.3 million) by selling bonds maturing in three years as well as five years, three merchant bankers said on Friday.

The company will pay an annual coupon of 8.75% and 8.80%, respectively, on these issues and will aim to raise 7 billion rupees and 5 billion rupees, they said.

It has invited commitment bids from bankers and investors for both the options on Monday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on February 28:

*Size includes base plus greenshoe for some issues

($1 = 87.3910 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

(([email protected]))

** JSW Energy JSWE.NS climbs 6.2% to 497.5 rupees, eyes fourth straight session of gains

** Stock top gainer on Nifty Next 50 Index .NN50, which is down 0.87%

** Morgan Stanley initiates coverage with "overweight" rating on stock; sets PT of 545 rupees

** Adds, co saw strong market share gains in recent bids at reasonable tariffs

** JSWE has well-integrated business model and is one of the top Indian utilities to play the future of energy, the brokerage said

** Green renewable energy business, investment in storage assets and expansion of thermal business inorganically aid growth

** More than 8.5 mln shares change hands, 1.6x its 30-day avg

** 13 analysts covering the stock on avg have a "buy" rating; median PT is 630 rupees - LSEG data

** Stock gained ~14% this week, eyes best weekly gain since Jan. 2024

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Corrects company name in paragraph 4 to British International Investment from British International Investment Fund

Feb 12 (Reuters) - State-owned explorer Oil and Natural Gas Corporation (ONGC) ONGC.NS said on Wednesday that its joint venture with utility firm NTPC Green Energy NTPG.NS will acquire Ayana Renewable Power, which operates solar and wind plants.

Ayana is valued at $2.3 billion including debt, ONGC said in a statement.

The 50-50 joint venture outbid JSW Energy JSWE.NS for the renewable energy firm, Reuters had reported in November, citing sources.

Ayana, owned by quasi-sovereign wealth fund National Investment and Infrastructure Fund, British International Investment and Green Growth Equity Fund, operates plants that produce 1,600 megawatts in India and has another 2,500 megawatts in such projects under construction.

The acquisition comes at a time when large power producers in India are betting big on renewables and making pledges to expand their green energy capacities.

The Indian government has pledged to add 500 gigawatts of clean energy by 2030 to reduce carbon emissions.

(Reporting by Hritam Mukherjee and Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; X: @MukherjeeHritam;))

Feb 7 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - UNIT SIGNS POWER PURCHASE AGREEMENT WITH AMAZON FOR 180 MW WIND POWER

• JSW ENERGY - AIMS TO REACH 20 GW GENERATION CAPACITY, 40 GWH OF ENERGY STORAGE CAPACITY BEFORE 2030

Source text: ID:nBSE9CCyhr

Further company coverage: JSWE.NS

(([email protected];;))

** Shares of JSW Energy JSWE.NS down 7.2% to 467.95 rupees, their lowest levels since mid-March

** The power producer reported an over 27% y/y drop in Q3 consol net profit at 1.68 bln rupees ($19.4 mln) on tepid domestic power demand

** Analysts at Jefferies retain "buy" on stock, cut price target (PT) by ~21% to 680 rupees - a 35% upside on last close

** Q3 EBITDA was sharply lower than expected as reduced prices and flattish fuel costs hurt - Jefferies

** Drop in earnings due to overall softness in the merchant market due to sluggish power demand growth - Antique Stock Broking

** Slashes PT by ~11% to 563 rupees, keeps "hold" rating

** Stock eyes busiest trading session in a month, volumes at 3.3x the 30-day avg

** Stock gained 57% in 2024 vs ~28% rise in Nifty next 50 index .NN50

($1 = 86.6000 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Jan 27 (Reuters) - JSW Steel Ltd JSTL.NS:

• JSW GROUP: JSW GROUP EXPANDS INTO MINING OF NON-FERROUS METALS

• JSW GROUP: WINS MDO CONTRACT FOR TWO COPPER MINES IN JHARKHAND; TO INVEST 26 BLN RUPEES

• JSW GROUP: MDO CONTRACT OF TWO BLOCKS OF COPPER MINES FROM HINDUSTAN COPPER

• JSW GROUP: PROJECT INVOLVES OPERATIONALIZING 2 MINES, SETTING UP OF COPPER CONCENTRATOR PLANT

• JSW GROUP: MINES EXPECTED TO BECOME PART OPERATIONAL IN H2 FY27

Source text: [ID:]

Further company coverage: JSTL.NS

(([email protected];))

Jan 23 (Reuters) - JSW Energy Ltd JSWE.NS:

• TO CONSIDER RAISING OF LONG TERM FUNDS

Source text: ID:nBSE1zXltL

Further company coverage: JSWE.NS

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Jan 21 (Reuters) - Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles, batteries, steel, and green energy sectors.

The ports-to-cement JSW conglomerate and the government of the western Indian state of Maharashtra - home to the country's financial hub of Mumbai - signed an agreement on the sidelines of the World Economic Forum, in Davos, Switzerland.

The investment will fund facilities for electric vehicle and lithium-ion battery production, steel manufacturing expansion, and renewable energy projects, including solar modules.

State chief minister Devendra Fadnavis, in a post on social media platform X, said that the investment would create 10,000 jobs and provide a "huge boost to Maharashtra's industrial environment."

The Maharashtra government will offer fiscal incentives and expedite clearances for the group's projects as part of the agreement, JSW said.

($1 = 86.5400 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Tasim Zahid)

(([email protected]; X: @MukherjeeHritam;))

Jan 15 (Reuters) - JSW Energy Ltd JSWE.NS:

• SYNCHRONISATION OF JSW ENERGY (UTKAL) LIMITED'S UNIT 2 (350 MW) THERMAL POWER PLANT

Source text: ID:nBSE6j0ybC

Further company coverage: JSWE.NS

(([email protected];;))

** Shares of JSW Energy JSWE.NS rise as much as 5.2% to 544.80 rupees

** Energy producer gets letter of intent to acquire KSK Mahanadi Thermal Power Plant (KMPCL) under corporate insolvency resolution process

** KMPCL owns 3.6 GW thermal power plant located in the state of Chhattisgarh

** In Oct. 2024, Economic Times reported JSW Energy was top bidder for KMPCL, offering 159.85 bln rupees ($1.9 bln) to financial creditors and outbidding Adani Power ADAN.NS

** JSW later confirmed its offer was the highest, but did not confirm the value of the bid

** Stock on track to snap eight-session losing streak

** Avg rating of 12 analysts equivalent of "buy", median PT is 739.60 rupees - LSEG data

** Stock rose 57.1% in 2024

($1 = 86.5270 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 13 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - RECEIVES LOI FOR KSK MAHANADI POWER COMPANY

• JSW ENERGY LTD - CO'S RESOLUTION PLAN FOR KSK MAHANADI POWER COMPANY APPROVED

• JSW ENERGY LTD - RESOLUTION PLAN FOR KSK MAHANADI POWER CO APPROVED

Source text: ID:nBSE8lSNmt

Further company coverage: JSWE.NS

(([email protected];))

Jan 10 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - HETERO PORTFOLIO VALUED AT ENTERPRISE VALUATION OF 6.30 BILLION RUPEES

• JSW ENERGY LTD - COMPLETES ACQUISITION OF 125 MW RE ASSETS FROM HETERO GROUP

Source text: ID:nNSEbqxyt5

Further company coverage: JSWE.NS

(([email protected];))

** JSW Energy JSWE.NS ends 5.2% lower, worst day in 6 months

** India's power regulator, CERC, rejects proposed tariff for battery energy storage systems projects awarded by Solar Energy Corp of India to JSWE unit

** Unit was awarded 500 MW capacity at tariff of 1.08 mln rupees ($12,588) per MW per month for 12 years

** Power regulator says rates in subsequent bids for similar projects considerably lower and says difference due to SECI's 145-day delay in issuing letter of award

** JSWE to file appeal against CERC rejection

** JSWE's RSI falls to 29.4, suggesting stock might be oversold -LSEG

** JSWE gained 57% in 2024

($1 = 85.7970 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Corrects milestone in last bullet to 2021, from 2020

** Shares of JSW Energy JSWE.NS jump 5.3% to 659 rupees

** Energy producer acquires units of renewable power producer O2 Power in $1.47 bln deal

** ICICI Securities double-upgrades stock to "buy" from "hold", saying the deal is "value-accretive" and complements JSWE's renewable energy portfolio (raises PT to 720 rupees)

** Motilal Oswal maintains "buy", PT of 810 rupees and highlights O2 Power's "high-quality assets"

** Motilal estimates deal will unlock 57 rupees/shr in value, once completed, while ICICI estimates 75 rupees/shr

** Analysts tracking JSWE rate it "buy" on avg - LSEG data

** Stock up 61% YTD, on track for best year since 2021

(Reporting by Nandan Mandayam in Bengaluru)

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