JSW Energy JSW Renew Energy Two Limited, a step-down subsidiary of JSW, has commissioned 300 MW wind power capacity in Tuticorin, Tamil Nadu. The company announced this today on 15 September. Last Friday, the company’s shares saw a rise of 1.01 percent and the stock closed at Rs 767.90 on BSE. With this rise, the company’s market cap has increased to Rs 1.34 lakh crore. The 52-week high of the stock is Rs 775 and the 52-week low is Rs 347.50. In the last one year, this stock has given a strong return of 93 percent.
Statement by JSW Energy
JSW Renew Energy Two Ltd has completed commissioning of a 300 MW ISTS-connected wind power project awarded by Solar Energy Corporation of India (SECI) Tranche X located in Tuticorin. “This is the first greenfield wind power plant commissioned by the company for SECI. The newly commissioned wind power project will make a significant contribution to our renewable energy portfolio, supporting our vision of a green and sustainable future,” the company said in a statement.
The additional 150MW wind capacity awarded under SECI Tranche X located at Dharapuram, Tamil Nadu is also nearing completion, of which 138MW has already been commissioned. “Thereafter, the total current installed capacity stands at 7,726MW, while the under construction capacity is 2,114MW, which is expected to be commissioned by the end of FY2025,” the company added. The company’s current installed wind capacity stands at 2152MW.
Statement by JSW Energy
JSW Energy Sharad Mahendra, Joint Managing Director and CEO, JSW Energy, said, “Today JSW Energy proudly commissioned its first greenfield wind power plant for SECI, showcasing our strong execution capabilities and commitment towards a green future for India.”
He further added, “This achievement takes us closer to our target of 10GW of installed capacity by FY25. In addition, we have a strong pipeline of renewable energy projects that will take us towards our target of 20 GW before 2030. I express my heartfelt gratitude to our dedicated team and partners for their unwavering support.”