The company’s low leverage position has enabled it to undertake a Rs 25,000 crore capacity expansion by 2025, which will be followed by another Rs 45,000 crore investments in the next five years to 2030.
During the quarter, the joint venture operations, mainly Bhushan Power & Steel and JSW Ispat Special Products, performed satisfactorily. The share of profit from JVs for the quarter stood at Rs 323 crore.
Sources aware of the developments said talks are currently under way between the company and SECI to sign a PPA for the remaining capacity won in the auction. The company was awarded the wind project against its quote of Rs 3
According to sources, Adani Renewable Energy Holding Fifteen won 300 MW of the auctioned capacity, quoting the lowest tariff of Rs 2.77 per kWh, Ayana Renewable Power Six won 300 MW at Rs 2.78 per kWh, Evergreen Power Mauriti
Opto Circuits shares closed 9.99 per cent up at Rs 10.57 after it reported net profit of Rs 6.39 crore for the quarter ended December 2015 against net loss of Rs 178.83 crore in the same quarter last year.
JSW Group, an $11 billion conglomerate with interests ranging from steel to power, is shelving plans to buy a cricket team in the Indian Premier League (IPL), citing the "negative aura" of the corruption-hit competition.
JSW Infrastructure, a part of Sajjan Jindal-led JSW Group, will be investing Rs 2,000 crore over the next two years to double its cargo handling capacity to 30 million tonnes per annum, a top company official has said.