JSW Energy has announced that it has issued a corporate guarantee of up to ₹450 crore to its subsidiary, JSW Energy (Utkal) Limited (JSWEUL). This move is aimed at supporting the subsidiary’s financial commitments and operational requirements.
As of 9:45 AM today, JSW Energy’s stock is trading at ₹725.50, reflecting an increase of ₹15.95 or 2.25% from the previous close. The stock opened at ₹708.25, reached a high of ₹726.00, and a low of ₹705.10, compared to the previous close of ₹709.55.
The corporate guarantee is expected to enhance the financial stability of JSWEUL, facilitating its projects and operations in the energy sector. Investors will be keenly observing the implications of this guarantee on both the subsidiary’s performance and JSW Energy’s overall market position.
