Jan 15, 2013, 11.57 AM | Source: Moneycontrol.com
JSW Energy rallied as much as 1.6 percent in early trade on Tuesday on getting green nod for its HP power project.
The Times of India reported that the company has received forest clearance for its planned 240 MW hydropower project in Himachal Pradesh.
"The project, being set up at an estimated cost of about Rs 2,000 crore, was awarded to the company in 2007 but has not taken off due to lack of clearances. This would be the maiden hydropower venture of the Sajjan Jindal-led company which has an operational capacity of 2,600 MW and aims to scale up capacity to 11,770 MW," the report added.
Another news - A meeting of the board of directors of JSW Energy will be held on January 23, 2013 to consider the unaudited financial results for the quarter / nine months ended December 31, 2012.
At 11:07 hours IST, the stock rose 0.81 percent to Rs 68.60 on Bombay Stock Exchange.
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Edelweiss recommended hold rating on JSW Energy wi