Shares of JSW Energy Ltd. rose 2% to a day’s high of Rs 749 on 10th September after its subsidiary, JSW Neo Energy Ltd., was selected by the Maharashtra government for a 600 MW wind-solar hybrid power project, according to the company’s announcement to the exchanges today.

The company has not released any financial details of the contracts. With this order, the overall locked-in generation capacity of JSW Energy, including hybrids, increases to 18.2 GW with 3.8 GW of hybrid capacity. The project supports the company’s transition into an energy products and services company.

The firm expects its installed generation capacity to increase to 10 GW by the end of March, up from the current 7.5 GW. In the June quarter, they added 291 MW of capacity, all from wind power. This includes 45 MW from an acquisition and 246 MW from new greenfield projects.

The firm aims to achieve 20 GW of power generation capacity and 40 GWh of energy storage by 2030, with a goal of carbon neutrality by 2050. Their current power generation capacity is 7,536 MW, with 3,508 MW from thermal, 1,962 MW from wind, 1,391 MW from hydel, and 675 MW from solar sources across India.

The company’s market capitalisation as of today stands at Rs 130,033 crore.

At 11:33 AM, the shares of JSW Energy were trading 1.78% higher at Rs 743.75 on NSE.

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