JSW Energy

July 10 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY - SECURES 4.44 BILLION RUPEES BESS AND PCS ORDERS FROM BONDADA RENEWABLE ENERGY

Source text: ID:nBSE3DkbJQ

Further company coverage: JSWE.NS

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July 8 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY - COMMISSIONS 1,081 MW RENEWABLE CAPACITY SINCE APRIL 2026

Source text: ID:nBSE1bPq0Q

Further company coverage: JSWE.NS

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By Aditi Shah

NEW DELHI, June 24 (Reuters) - Chinese automakers may be shut out of India, but their electric-vehicle technology is starting to make inroads in the world's third-largest car market.

New Delhi has largely blocked Chinese companies from entering the market since 2020 and now Beijing is clamping down on the export of its tech know-how. Yet ties between the two countries' carmaking industry are only growing.

Tata Motors said earlier in June it will use Chery's carmaking platform to manufacture premium EVs in India. The deal doesn't involve an equity stake, and both companies stressed it is a supply arrangement without any transfer of technology know-how to Tata, highlighting the political sensitivities.

India ramped up scrutiny of Chinese businesses after a 2020 border clash between the two countries killed soldiers on both sides. While New Delhi and Beijing are working to improve ties, some friction remains.

"If India wants to expand its manufacturing sector and be a bigger part of the global supply chain, partnership with China is inevitable. If Chinese companies want to be global leaders, they cannot wish away India and its economic potential," said Santosh Pai, partner at law firm Dentons Link Legal.

For Tata, India's third-largest automaker, Chery's platform offers a quicker way to launch EVs. Tata plans to eventually shift from relying on imported kits from China to developing components locally - a move seen favourably by some Indian policymakers because it would boost Indian manufacturing.

"We are supportive of deals that lead to more local manufacturing or supply-chain shifts down the road. That is a good way to approach China," said a senior Indian government official.

For Chinese carmakers grappling with a slowdown at home and excess manufacturing capacity, such deals could be the answer to boosting revenue without violating Beijing's export control orders.

Tata TAMO.NS and Chery 9973.HK did not respond to requests for comment.

GROWING MARKET

The Tata-Chery deal shows that, despite its best efforts, India can't keep China's EV industry completely out.

The world's most advanced EV industry is likely to continue to make inroads into India, a huge and still growing market.

That's bad news for Japanese automakers and others who are investing big in India – in part because they don't face major competition from Chinese rivals there now.

Chinese EV makers understand the importance of gaining a foothold in India through such supply deals, said Gao Hua, a former director at China SAE and now an independent analyst.

"If Chinese firms don't participate, others from different countries will step in," Gao said.

Chinese partnerships are increasingly appearing in sectors long dominated by Japanese, Korean and European firms, and they are challenging the incumbents with technologies that many analysts say are cheaper and faster to deploy.

For instance, Indian component maker Uno Minda UNOI.NS has a joint venture with China's Inovance 301656.SZ to manufacture EV powertrains in India - a sector where Bosch BOSH.NS, Nidec 6594.T and Aptiv APTV.BN are already present.

BATTERY CO-OPERATION HALTED

Technology licensing deals between India and China started to gain traction in the aftermath of the 2020 investment restrictions.

But it wasn't all smooth sailing. In 2025, Beijing's export control curbs in retaliation to Trump's tariffs, forced Indian battery maker Amara Raja AMAR.NS to end its licensing deal with China's Gotion 002074.SZ for lithium-ion cell technology for EV batteries.

"All technical collaboration has stopped," Amara Raja's executive director Vikramadithya Gourineni told Reuters.

"The main things we were able to take away was understanding on factory and line layouts, technology roadmaps ... and connecting to the vendor base," Gourineni said.

Because the licensing deal was no longer possible, Amara Raja is instead ramping up investment in in-house R&D and talent, he said.

The company is now importing equipment, battery cells and other material from Chinese suppliers to meet its cell manufacturing ambitions, but it struggles to get enough visas for engineers to come from China for operational support.

CHERY'S OTHER INDIAN PARTNER

Last year, steel-to-cement billionaire Sajjan Jindal's maiden carmaking venture, JSW Motor, agreed to a partnership with Chery similar to Tata's.

Under the deal, JSW has secured rights to use and adapt multiple Chery platforms to build a range of hybrids and EVs for India, sources familiar with the plans told Reuters. This involves an upfront payment of about 20 billion rupees ($209 million) plus royalties, one of the people added.

JSW, which is investing $3 billion in the venture, is targeting sales of 300,000 vehicles by 2030, the sources said.

The initial vehicles will largely come as imported kits from Chery with JSW gradually building out an Indian supply chain and scaling up car production at its factory in western India, they added.

JSW Motor and Chery did not respond to requests for comment.

"This highlights the importance of nuanced approaches. Cutting ties is not always the best option," Gao said.

(Reporting by Aditi Shah in New Delhi and Zoey Zhang in Shanghai, additional reporting by Shivangi Acharya in New Delhi; editing by David Dolan and Stephen Coates)

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June 12 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY - COMMISSIONS 150 MW HYDRO PROJECT OF TIDONG POWER GENERATION

Source text: ID:nnAZN4T21E3

Further company coverage: JSWE.NS

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May 25 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - CLOSES QUALIFIED INSTITUTIONS PLACEMENT ON 25 MAY 2026

• JSW ENERGY LTD - ALLOCATES SHARES AT 525 RUPEES PER SHARE

Source text: ID:nBSE5rFsgT

Further company coverage: JSWE.NS

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May 19 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - TO BUY ADDITIONAL STAKE IN TOSHIBA JSW POWER SYSTEMS

• JSW ENERGY LTD - TOTAL PURCHASE PRICE OF ACQUIRED SHARES IS 1.50 BILLION RUPEES

• JSW ENERGY LTD - SHAREHOLDING IN TJPS TO INCREASE TO 20.7% NON-DILUTED, 10.7% FULLY DILUTED

Source text: ID:nBSE2YTbBS

Further company coverage: JSWE.NS

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May 18 (Reuters) - JSW Steel Ltd JSTL.NS:

• GQG PARTNERS EMERGING MARKETS EQUITY FUND BUYS 15 MILLION JSW STEEL SHARES VIA BLOCK DEAL ON NSE- EXCHANGE DATA

• SBI MUTUAL FUND BUYS 10 MILLION JSW STEEL SHARES VIA BLOCK DEAL ON NSE - EXCHANGE DATA

• JSW ENERGY SELLS 25 MILLION JSW STEEL SHARES VIA BLOCK DEAL ON NSE - EXCHANGE DATA

Source text: [ID:]

Further company coverage: JSTL.NS

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May 15 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - COMMISSIONS 250 MW RE CAPACITY SINCE APRIL’26

Source text: ID:nnAZN4SWIHZ

Further company coverage: JSWE.NS

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** Shares of India's JSW Energy JSWE.NS fall 5.78% to 524 rupees after quarterly results

** Power co posted 8.9% y/y fall in fourth quarter profit to 5.74 billion rupees ($60.11 million)

FY27 EXECUTION, LEVERAGE REMAIN KEY CONCERNS

** J.P.Morgan ("underweight"; raises TP to 505 rupees from 452 rupees) says high fixed costs and rising debt could weigh on earnings despite thermal and renewable capacity additions; flags expensive valuations

** Ambit Capital ("sell"; TP to 525 rupees from 540 rupees) says valuations fully price in growth, cuts FY27/FY28 EBITDA estimates citing 200-billion-rupee capex pipeline

** ICICI Securities ("buy"; TP: 700 rupees) says capital raise remains key to easing leverage concerns despite strong long-term operating profit growth visibility

** CLSA ("hold"; raises TP to 558 rupees from 486 rupees) says weak merchant power markets and high funding costs continue to pressure profitability; sees likely equity raise overhang amid aggressive expansion

($1 = 95.4950 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 11 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD MARCH-QUARTER CONSOL PROFIT 5.74 BILLION RUPEES

• JSW ENERGY LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 44.99 BILLION RUPEES

• JSW ENERGY LTD - RECOMMENDS DIVIDEND OF 2 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: JSWE.NS

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May 6 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY - UNITS JSW HYDRO ENERGY JSW ENERGY (KUTEHR) FILED WRIT PETITIONS BEFORE HIGH COURT

• JSW ENERGY - WRIT PETITION RELATED TO LEVY OF LAND REVENUE ASSESSED AS A PERCENTAGE OF AVERAGE MARKET VALUE OF HYDROELECTRIC PROJECTS

Source text: ID:nBSE1DT8rt

Further company coverage: JSWE.NS

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April 21 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - UNIT RECEIVES DEMAND FOR 14.47 BILLION RUPEES

Source text: ID:nBSEb5JPBy

Further company coverage: JSWE.NS

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** India's JSW Energy JSWE.NS shares rise 1.8% to 547.45 rupees, extending gains to a fifth straight session, its longest winning streak since mid-November

** Brokerage Jefferies says co has secured power supply contracts for 515 MW of the 700 MW capacity at its Ind-Barath plant, effective April 1

** Adds capacity is expected to grow 37% over fiscal 2026-2028, with most upcoming projects already tied to power supply agreements

** Brokerage says merchant capacity is expected to shrink to 3% by 2028, and further to 2% by 2030

** Adds that should reduce the merchant business's EBITDA contribution to about 2% by fiscal 2030, limiting downside risk to EBITDA from 2026 onward

** Brokerage rates co "Buy" with PT of 660 rupees, representing an 18.5% upside from last close

** YTD, JSWE up 13.4%

(Reporting by Abhinav Parmar in Bengaluru)

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March 26 (Reuters) - JSW Energy Ltd JSWE.NS:

• SUPREME COURT DISMISSES ANDHRA PRADESH DISCOMS' APPEAL ON GBI PAYMENT

Source text: ID:nBSE3RyzGn

Further company coverage: JSWE.NS

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Feb 3 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - HAS NO PLANS FOR NUCLEAR POWER INVESTMENT

Source text: ID:nBSE3rDYJR

Further company coverage: JSWE.NS

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By Sethuraman N R

SOUTH GOA, INDIA, Jan 29 (Reuters) - India's renewable energy producers are urging the government to pause new project auctions until stranded projects secure buyers, and warning of deeper, forced output cuts at existing sites if grid problems persist, an industry presentation reviewed by Reuters shows.

More than 42 gigawatts of auctioned capacity have yet to be awarded power supply contracts, three major industry groups said in a rare joint presentation to the federal power and renewable ministries.

They also said grids in top renewable-producing states Gujarat and Rajasthan are rejecting some green power from operational projects - a practice known as curtailment.

"In view of delays in upcoming transmission lines in key renewable energy hubs, there is a possibility that curtailment may further increase," the Wind Independent Power Producers Association (WIPPA), National Solar Energy Federation of India (NSEFI) and the Sustainable Projects Developers Association (SPDA) said.

Senior government officials at the meeting said bidding could not be halted abruptly, but agreed to speed efforts to curb curtailments by resolving technical constraints, according to one of the attendees.

The attendee declined to be named as he was not authorised to speak to media. The federal power and renewable energy ministries did not immediately respond to requests for comment.

The power ministry has previously said it aims to accelerate the signing of supply deals by fast-tracking interstate transmission lines, while the renewable energy ministry has partly blamed curtailments on slowing power demand growth.

Avaada Energy has yet to find buyers for 9.5 GW of capacity it was awarded at auctions. ReNew Power RNW.O is seeking buyers for 5 GW and the JSW Group for 2.7 GW, the presentation showed. The companies did not immediately respond to requests for comment.

The industry groups also called for the appointment of dedicated renewable-energy experts to key regulatory bodies, adding that overlapping technical standards from multiple agencies created confusion.

"Various bodies across the ecosystem continue to be dominated by conventional power system expertise," they said.

They also flagged repeated delays in transmission infrastructure, citing one project that received five deadline extensions on requests for monthly progress reviews.

($1 = 91.9700 Indian rupees)

(Reporting by Sethuraman NR. Writing and additional reporting by Sudarshan Varadhan. Editing by Mark Potter)

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Jan 23 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY Q3 CONSOL NET PROFIT 4.2 BILLION RUPEES

• JSW ENERGY Q3 CONSOL REVENUE FROM OPERATIONS 40.82 BILLION RUPEES

Source text: ID:nBSE7YsRSz

Further company coverage: JSWE.NS

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Jan 20 (Reuters) - JSW Energy Ltd JSWE.NS:

• POWER PURCHASE AGREEMENT FOR 1,600 MW WITH WEST BENGAL DISCOM

Source text: ID:nBSE8jc1TJ

Further company coverage: JSWE.NS

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Jan 15 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - SECURES SUPPLY OF TURBINE GENERATORS FOR 1,600 MW SALBONI PLANT

Source text: ID:nBSE1vcsx

Further company coverage: JSWE.NS

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Dec 12 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - SIGNS 25-YEAR PPA FOR 400 MW WITH KARNATAKA DISCOMS

• JSW ENERGY LTD - PPA SIGNED AT TARIFF OF 5.78 RUPEES PER KWH

Source text: ID:nBSE78LFq6

Further company coverage: JSWE.NS

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Dec 9 (Reuters) - JSW Energy Ltd JSWE.NS:

• TO CONSIDER FUND RAISING

Source text: ID:nBSE5Gnzvx

Further company coverage: JSWE.NS

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Nov 10 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - COMMISSIONING OF 85 MW OF RENEWABLE ENERGY CAPACITY

• JSW ENERGY - AIMS TO REACH 30 GW GENERATION, 40 GWH ENERGY STORAGE CAPACITY BY FY2030

Source text: ID:nBSE4J2w8c

Further company coverage: JSWE.NS

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Sept 18 (Reuters) - Statkraft :

• STATKRAFT SIGNS AGREEMENT TO SELL HYDROPOWER PROJECT IN INDIA TO JSW ENERGY LTD

Source text: ID:nGNE8SfLvv

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Repeats to widen distribution; no changes to text

Aug 14 (Reuters) - Shares of JSW Cement JSWC.NS debuted 4% higher on Thursday valuing the firm at $2.38 billion as investors looked past broader market jitters to back the company's capacity expansion plans and push into new regional markets.

The stock listed at 153.50 rupees on the National Stock Exchange, above its 147 rupees issue price and just above its targeted $2.3 billion. It was last up 2.7% at 151.06 rupees as of 10:21 a.m. IST.

India, the world's second-largest cement producer, is riding a robust sector outlook, with the government's infrastructure and housing push expected to power demand growth through the decade, while prices rebound from multi-year lows hit last fiscal year.

JSW Cement, with its seven plants in southern, eastern and western India, is a relatively smaller player in an industry dominated by companies such as Aditya Birla-owned UltraTech Cement ULTC.NS and Gautam Adani-backed Ambuja Cement ABUJ.NS.

The company will use proceeds from the IPO for setting up a factory in the limestone-rich state of Rajasthan, it said in its prospectus.

Ventura Securities said JSW Cement's capacity ramp-up will expand its reach and boost profits, while its ties to the JSW Group offer brand strength and easy access to raw materials like slag and power via group companies in steel JSTL.NS, energy JSWE.NS and marine infrastructure JSWN.NS.

JSW Group holds a nearly 70% stake in the cement maker.

The $413 million initial public offering was oversubscribed nearly eight times earlier this week, driven by institutional investors whose bids were nearly 16 times their allotted quota.

($1 = 87.4320 Indian rupees)

(Reporting by Hritam Mukherjee and Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Power generator JSW Energy JSWE.NS rises as much as 3.6% to 533 rupees

** Co's Q1 profit rises 42.43% y/y , rev up 78.6% y/y

** Says, net generation up 71% y/y to 13.5 BUs

** Growth primarily due to capacity addition with acquisitions of energy supplier O2 Power, power plant Mahanadi

** Coal-based Vijayanagar plant's output up 92% after long-term tie-up with JSW Steel JSTL.NS, easing exposure to merchant market, imported coal, say analysts

** Jefferies sees capacity growth, demand rise, and stable prices as key triggers for co

** Stock is rated 'buy' on average by 16 analysts, with median PT at 596 rupees - data compiled by LSEG

** YTD, stock down ~20%

($1 = 87.2950 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

July 31 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY Q1 CONSOL NET PROFIT 7.43 BILLION RUPEES

• JSW ENERGY Q1 CONSOL REVENUE FROM OPERATIONS 51.43 BILLION RUPEES

Further company coverage: JSWE.NS

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July 25 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - SETTLEMENT PLAN FOR SETTLEMENT OF DEBT OF KSK WATER INFRASTRUCTURES

Source text: ID:nBSE622qR

Further company coverage: JSWE.NS

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July 1 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - BATTERY ENERGY STORAGE PURCHASE AGREEMENTS WITH RAJASTHAN VIDYUT UTPADAN NIGAM

• JSW ENERGY LTD - UNIT SIGNS BESPA FOR 250 MW / 500 MWH BESS

• JSW ENERGY LTD - AGREEMENTS SIGNED FOR 12 YEARS WITH TARIFF OF 224,000 RUPEES PER MW PER MONTH

Source text: ID:nBSE7HfT4T

Further company coverage: JSWE.NS

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June 25 (Reuters) - JSW Energy Ltd JSWE.NS:

• JSW ENERGY LTD - SUBSIDIARIES FILE WRIT PETITIONS IN ANDHRA PRADESH HIGH COURT

• JSW ENERGY LTD - PETITIONS CHALLENGE ELECTRICITY LATE PAYMENT SURCHARGE RULES

• JSW ENERGY - ANDHRA PRADESH POWER COMPANIES DENY PAYMENT OF CERTAIN DUES OF ABOUT 5.07 BILLION RUPEES

Source text: ID:nBSE9NmYky

Further company coverage: JSWE.NS

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