JSW Renew Energy Three signs power purchase deal with Solar Energy Corp

10 May 2023 CW Team

On May 8, shares of JSW Energy rose by 5 per cent in response to news that JSW Renew Energy Three, the company's step-down subsidiary, had signed a power purchase agreement with Solar Energy Corporation of India.

According to the company's exchange filing, the agreement is for 300 MW ISTS-connected wind power projects that were awarded under SECI Tranche-XII. A power purchase agreement is in place for the 25-year supply of electricity at a rate of Rs. 2.94 per KWh.

According to the statement, the project will be completed in Maharashtra within the next 24 months.

JSW Energy鈥檚 share price is breaking out of a falling trendline which is the first sign of higher prices, said Manish Shah, Independent Market Expert. He further added that the 50-day moving average is curling up suggesting increasing momentum. Resistance is at Rs 278-280. Once this level is surpassed price can move higher to Rs 310 and above that to Rs 355. Shah suggests buying the stock with a stop loss below Rs 250.

In the past three months, the stock has risen close to 20 per cent while it has shot up over 550 per cent in the past three years.

Also Read
Indraprastha Gas and ACME Group strike a green hydrogen partnership
JSW Steel to invest $145 mn to improve manufacturing processes in US

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..