JSW Energy secured PPA of 208 MW, share up 2 per cent

The share price of JSW Energy surged 2 per cent intraday on Monday as the company secured a Power Purchase Agreements (PPA) of aggregate 208 MW.
 
This PPA consists of 176 MW PPA with Haryana Power Purchase Centre to be supplied from the Karcham Wangtoo Hydro Electric Project of Himachal Baspa Power Company, a 100 per cent subsidiary of the company.
 
The remaining 32 MW is to be supplied from the Ratnagiri plant of the company under group captive scheme.
 
With this, the consolidated long-term PPA proportion of the company has increased from 64.6 per cent to 69.3 per cent at the end of Q2FY18. 
 
At 10:22 hours on Monday, JSW Energy was quoting Rs. 84.70 per share, up Rs. 0.95, or 1.13 per cent on the BSE. The share touched its 52-week high Rs. 89.25 on December 1, 2017 and 52-week low Rs. 54.70 on December 27, 2016.