JSW Energy shares surge 4% after company bags LoI for KSK Mahanadi Thermal Power Plant resolution plan

JSW Energy shares surged by 4% following a major milestone—receiving the Letter of Intent (LoI) for the 3,600 MW KSK Mahanadi Thermal Power Plant under the corporate insolvency resolution process. The resolution plan, approved by the Committee of Creditors, signifies a strategic boost to the company’s energy portfolio.

Key Highlights

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  • Capacity: The KSK Mahanadi Power Plant in Chhattisgarh has an operational capacity of 1,800 MW (95% tied to PPAs) and an under-construction capacity of 1,800 MW.
  • Infrastructure: Coal and water transport infrastructure secured for full capacity, with proximity to a coal block ensuring steady fuel supply.

JSW Energy shares opened at ₹527.00 today, reaching a high of ₹541.20 and a low of ₹526.00 during the session. The stock remains well below its 52-week high of ₹804.90, but above its 52-week low of ₹451.65.

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