JSW Energy Ltd.

JSW Energy is currently trading at Rs 69.55, up by 0.75 points or 1.09% from its previous closing of Rs 68.80 on the BSE.

The scrip opened at Rs 69.45 and has touched a high and low of Rs 70.15 and Rs 68.95 respectively. So far 288646 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 76.80 on 17-Feb-2012 and a 52 week low of Rs 38.25 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs 70.15 and Rs 65.20 respectively. The current market cap of the company is Rs 11455.78 crore.

The promoters holding in the company stood at 76.72% while Institutions and Non-Institutions held 8.44% and 14.84% respectively.

JSW Energy, holding company for the JSW group’s power business, is scouting for coal blocks in South Africa (SA) and Indonesia as it looks to secure fuel supplies for its power plants in India. The company is looking to buy an operating stake in a significant coal block, but it has not finalized upon on any particular asset. However, if the company acquires a block in South Africa, it would hold a 74% stake in accordance with the country’s regulatory requirements.

India’s power producers, such as Tata Power, JSW and Adani, have been eyeing international assets to source coal for local power plants, as stagnating production at state miner Coal India has led to fuel scarcity in the country.

JSW Energy is the holding company for the JSW group’s power business having operational capacity of 2,600 Mega-Watts (MW, consolidated) as of March 31, 2012. Additional 540 MW of generating capacity at Barmer is under implementation (unit 5 to 8) and is expected to commence operations by December 2012.