JSW Energy subsidiary signs 25-year PPA for 400 MW with Karnataka DISCOMs

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JSWENERGY · price

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Price reactionminutes from the announcement price · days from the prior close

+5.6%Reaction day

₹457.45

prior close

₹465.60

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.2%+4.4% vs market

Power Generation peers, median of 25sector+0.7%+4.9% vs sector

On the reaction day the stock moved 4.4 pts more than Nifty Midcap 150 and 4.9 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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Sessions after the filingfrom the prior close

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Reaction day

+5.6+1.2+4.4+0.7+4.9

Next day

+6.2+1.1+5.1+1.7+4.5

+4.4+0.3+4.1+0.4+4.0

+3.4-0.2+3.6-0.2+3.6

+2.8-0.0+2.8-0.8+3.6

+4.3+1.2+3.1+0.6+3.7

+5.9+2.1+3.8+1.0+5.0

15d

+12.7+3.0+9.7+1.3+11.4

+8.4+0.3+8.2-1.3+9.7

+4.8+1.6+3.1-3.3+8.0

+13.5-5.0+18.5-9.9+23.3

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JSW Energy (Utkal), a subsidiary, signed a 25-year Power Purchase Agreement with multiple Karnataka DISCOMs to supply 400 MW of power starting April 1, 2026, at a tariff of Rs 5.78 per kWh. This reduces the company's open capacity to about 5% from 8% of operational capacity. Total locked-in generation capacity now stands at 30.5 GW, with 13.3 GW operational and 12.4 GW under construction. Energy storage locked-in capacity is 29.4 GWh.

Likely market impact

Strengthens long-term revenue visibility with a 25-year locked-in PPA, reducing open capacity to about 5% and de-risking the generation portfolio.