JSW Energy share price is trading flat in the opening trade on July 2 following the company signed the battery energy storage purchase agreements with RVUNL.
At 09:23am, JSW Energy was quoting at Rs 527.45, up Rs 0.35, or 0.07 percent, on the BSE.
JSW Renew Energy Thirty Seven, a step-down subsidiary of JSW Energy has signed battery energy storage purchase agreements (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for 250 MW / 500 MWh standalone battery energy storage system (BESS).
The project will be developed on a build, own and operate model in the state of Rajasthan.
The agreement signed for a duration of 12 years, with a tariff of Rs 2,24,000 per MW per month, and supported by viability gap funding, company said.
The company's total locked-in energy storage capacity stands at 29.3 GWh, including 2.9 GWh of BESS and 26.4 GWh of pumped hydro storage, it added.
With this, the company is well-positioned to achieve its target of 40 GWh of energy storage by 2030.
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In the month of June, the company through its stepdown subsidiary Energizent Power, signed power purchase agreement with NHPC for ISTS-connected 300 MW Solar-Wind Hybrid Capacity.
The share price plunged nearly 30 percent in the last one-year.
The share touched a 52-week high of Rs 804.95 and a 52-week low of Rs 419.10 on 24 September, 2024 and 17 February, 2025, respectively.
Currently, the stock is trading 34.47 percent below its 52-week high and 25.85 percent above its 52-week low.
Market capitalisation stands at Rs 92,186.05 crore.
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