JSW Energy Gains 1.23% to Close at Rs 566.25; Acquires 300 MW Thermal Asset MCCPL for Rs 1,410 Cr

Mumbai, June 15: Shares of JSW Energy Limited (NSE: JSWENERGY) closed 1.23% higher at Rs 566.25 on Monday, adding Rs 6.90 from the previous close of Rs 559.35, as the power major extended the broader market recovery driven by easing Iran-United States geopolitical tensions and a softening in global crude oil prices. 

The stock opened at Rs 571.55 — a gap-up of Rs 12.20 from Friday’s close — and touched an intraday high of Rs 572.00 in the early minutes of trade before selling pressure pulled it off the day’s peak. The intraday low of Rs 563.05 was recorded as the stock retreated from its opening surge, briefly dipping toward the Rs 563–Rs 565 zone through the late morning session before stabilising. 

JSWENERGY spent the bulk of the trading day consolidating in a tight Rs 564–Rs 568 band, with the price action reflecting measured buying rather than a sharp directional move. The close at Rs 566.25 sat fractionally above the VWAP of Rs 566.79 — an unusually tight divergence indicating that the stock tracked its session average closely and that neither bulls nor bears decisively controlled the afternoon tape. The order book at the close showed 100% buy-side positioning across 86 shares of total quantity, consistent with post-market thinning rather than active intraday aggression. 

Weekly Trend 

The one-week chart offers useful context for Friday’s close. JSWENERGY began the week of June 8 near Rs 565 and climbed to a weekly high of approximately Rs 570 on June 9 before easing to Rs 565 on June 10. The stock then slid sharply to a weekly low of approximately Rs 554 on June 11 — its weakest level of the week — before recovering to close near Rs 559–Rs 560 on June 12. Monday’s close at Rs 566.25 clears last week’s opening levels and reclaims ground lost to mid-week selling, though the volatility between Rs 554 and Rs 572 across five sessions reflects the broader market’s sensitivity to macro developments in the Middle East. 

JSW Energy Acquires MCCPL for Rs 1,410 Crore 

JSW Energy on Saturday disclosed that it has signed a definitive agreement to acquire a 100% equity stake in Maruti Clean Coal and Power Ltd (MCCPL) for an enterprise value of Rs 1,410 crore, adding another thermal power asset to its expanding generation portfolio. 

MCCPL owns and operates a 300 MW thermal power plant at Korba, Chhattisgarh. The plant carries a long-term power purchase agreement for 195 MW with Rajasthan discoms through PTC India, with approximately 14 years of residual tenure — providing a stable, contracted revenue stream that underpins the acquisition rationale. The plant supplies 5% of its output to the Chhattisgarh discom at variable cost, while the remaining capacity is sold in the merchant market. Coal supply is secured through a long-term fuel supply agreement with South Eastern Coalfields Ltd and allocations under the government’s SHAKTI scheme. 

The deal reflects JSW Energy’s continued appetite for inorganic capacity addition. Investors will watch for disclosures on the transaction’s impact on the company’s consolidated debt profile and its progress against generation capacity targets in the quarters ahead. 

 Source

• https://www.nseindia.com/get-quote/equity/JSWENERGY/JSW-Energy-Limited