Today's Pick (English): JSW Energy
28-08-2017
JSW Energy finds itself in an accidental 'lender' role
As the clock ticks, two of JSW Energy's big acquisition targets in the power sector are moving farther from a possible deal closure. In the scenario of the deal not fructifying, JSW Energy may be left in the uncomfortable role of a lender to two stressed assets. JSW Energy's accidental journey from potential buyer to lender started more than a year back in 2016. The year saw the power producer agree to acquiring two assets in two separate deals- Jaiprakash Power Ventures 's Bina power plant in Madhya Pradesh and Jindal Steel and Power's Tamnar power plant in Chattisgarh. In due course, JSW Energy also extended a loan to both the companies - Rs1000 crore to Jaiprakash Power and Rs500 crore to Jindal Steel and Power as part of two separate deal arrangements. This exposure, however, is now slowly turning into a concern as the deals face closure issues.The concerns are larger over JSW's exposure to Jaiprakash Power, compared to Jindal Steel and Power.An email query sent to JSW Energy on ..18-08-2017
What JSW Energy's electric vehicles bet tells us about India's power sector
With JSW Energy struggling to find enough electricity buyers, it has even less reasons to look at its existing business for growth; so getting into electric vehicles seems to be more a case of push, rather than pull14-08-2017
JSW Energy plans to invest Rs 3,500-4,000 cr to develop electric cars
Declared formation of new subsidiaries for manufacturing vehicles; Q1 net declined 40% to Rs 217 cr12-08-2017
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JSL Ltd11-08-2017
Outcome of Board Meeting
(i)Approved the Statement of Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2017. (ii)Approved the appointment of Mr. Jyoti Kumar Agarwal (DIN: 01911652), as an Additional Director of the Company with effect from from 11th August, 2017. Approved the appointment of Mr. Agarwal as a Whole-time Director designated as 'Director - Finance' for a term of 5 years with effect from 11th August, 2017 till 10th August, 2022....11-08-2017
Analyst / Investor Meet Intimation
As informed earlier, a meeting of the Board of Directors is scheduled to be held on Friday,11th August, 2017, to inter-alia, consider and approve the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2017. Please take note that the Company has arranged for a Conference Call on 11th August, 2017 at 5.30 p.m. (IST) to discuss the above mentioned Financial Results. A copy of the invitation is attached for your information....10-08-2017
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indusglobe Multiventures Pvt. Ltd.09-08-2017
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JSW Investments Pvt. Ltd.09-08-2017
Only those plants producing power at 3/unit will survive'
JSW Energy CEO says the company is working on PPAs at lowest possible tariffs04-08-2017