JSW Energy clarifies no significant nuclear power investment plans currently
JSWENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 0.1 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Following news reports that JSW Energy plans to set up its first nuclear power plant by 2030, NSE sought clarification. The company stated that while it continues to evaluate various opportunities in the power sector as part of its growth strategy, it presently has no plans for any significant investment in the nuclear power sector. It assured exchanges that it will make timely disclosures whenever material developments arise.
Stock may give up gains from the earlier nuclear plant news. No major nuclear capex expected near-term.