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<keyword id="19950696" type="General" weightage="20" keywordseo="JSW-Energy" source="keywords" meta.keywordsubtype="org" meta.entityname="JSW Energy" meta.hostid="261" meta.entityid="JSW Energy">JSW Energy</keyword> on Thursday said its arm received a letter of award from Solar Energy Corporation of India (<keyword id="19967266" type="General" weightage="20" keywordseo="SECI" source="keywords" meta.keywordsubtype="org" meta.entityname="SECI" meta.hostid="261" meta.entityid="SECI">SECI</keyword>) for supply of <keyword id="22714846" type="General" weightage="20" keywordseo="230-MW" source="keywords">230 MW</keyword> of power from its <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> project. The energy supply order has been secured by wholly-owned subsidiary JSW Neo Energy Limited, JSW Energy said, adding that the company received the letter of award following a tariff-based competitive bidding process. Bids were invited for supply of 630 MW of firm and dispatchable power from an inter state transmission system or ISTS-connected renewable energy project SECI-FDRE-IV, JSW Energy said in an exchange filing. With the latest <keyword id="19895601" type="General" weightage="20" keywordseo="contract" source="keywords">contract</keyword>, the company's total locked-in generation capacity has increased to 16.4 GW, which includes a hybrid capacity of 2.3 GW, including FDRE (firm and dispatchable renewable energy). The company expects to have an installed generation capacity of 10 GW by FY25, up from 7.5 GW currently. SEE ALSO:<a href="https://www.businessinsider.in/business/news/ola-wants-to-re-enter-the-quick-commerce-business-to-take-on-blinkit-and-swiggy-instamart/articleshow/112364583.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/news/ola-wants-to-re-enter-the-quick-commerce-business-to-take-on-blinkit-and-swiggy-instamart/articleshow/112364583.cms" target="_blank">Ola wants to re-enter the quick commerce business to take on Blinkit and Swiggy Instamart</a><a href="https://www.businessinsider.in/finance/banks/news/rbi-mpc-meet-cheque-clearing-time-reduced-upi-limit-increased-for-tax-payment/articleshow/112366099.cms" target="_blank"></a> <a href="https://www.businessinsider.in/finance/banks/news/rbi-mpc-meet-cheque-clearing-time-reduced-upi-limit-increased-for-tax-payment/articleshow/112366099.cms" target="_blank">RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment</a><a href="https://www.businessinsider.in/business/auto/news/tata-curvv-ev-with-up-to-585-km-range-launched-starting-at-17-49-lakh/slidelist/112342769.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/tata-curvv-ev-with-up-to-585-km-range-launched-starting-at-17-49-lakh/slidelist/112342769.cms" target="_blank">Tata Curvv EV with up to 585 km range launched starting at ₹17.49 lakh</a>

JSW Energy gets contract from SECI for supply of 230 MW renewable energy

New Delhi, <keyword id="19971670" type="General" weightage="20" keywordseo="JSW-Steel" source="keywords" meta.keywordsubtype="org" meta.entityname="JSW Steel" meta.hostid="261" meta.entityid="JSW Steel">JSW Steel</keyword> has posted a 65 per cent fall in consolidated <keyword id="19942166" type="General" weightage="20" keywordseo="net-profit" source="keywords">net profit</keyword> at Rs 1,322 crore for the March 2024 quarter impacted by <keyword id="21700627" type="General" weightage="20" keywordseo="raw-materials-costs" source="keywords">raw materials costs</keyword> and some other expenses. It had clocked Rs 3,741 crore net profit during the fourth quarter of the last fiscal, the company said in an exchange filing on Friday. The company's total income also fell to Rs 46,511.28 crore from Rs 47,427 crore in January-March FY23. During the period under review, its expenses stood at Rs 44,401 crore, as against Rs 43,170 crore a year ago. Among the expenses, the cost of raw materials consumed by the company surged to Rs 24,541 crore from 23,905 crore in the January-March FY23. While "other expenses" increased to Rs 7,197 crore from Rs 6,653 crore in the year-ago period. In FY24, the net profit rose to Rs 8,973 crore from Rs 4139 crore in FY23. The income for the full year stood at Rs 1,76,010 crore, up from Rs 1,66,990 crore. The board of directors of the company announced a final dividend of Rs 7.30 for FY24. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-edge-50-fusion-vs-oneplus-nord-ce-4-price-specs-and-features-compared/slidelist/110197390.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-edge-50-fusion-vs-oneplus-nord-ce-4-price-specs-and-features-compared/slidelist/110197390.cms" target="_blank">Motorola Edge 50 Fusion vs OnePlus Nord CE 4 – price, specs and features compared</a><a href="https://www.businessinsider.in/india/news/average-housing-prices-up-10-in-jan-mar-across-the-top-eight-cities/articleshow/110181627.cms" target="_blank"></a> <a href="https://www.businessinsider.in/india/news/average-housing-prices-up-10-in-jan-mar-across-the-top-eight-cities/articleshow/110181627.cms" target="_blank">Average housing prices up 10% in Jan-Mar across the top eight cities</a><a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-fusion-with-144hz-poled-display-500mah-battery-launched-starting-at-22999/articleshow/110170762.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-fusion-with-144hz-poled-display-500mah-battery-launched-starting-at-22999/articleshow/110170762.cms" target="_blank">Motorola Edge 50 Fusion with 144Hz pOLED display, 5,00mAh battery launched starting at ₹22,999</a>

JSW Steel Q4 net profit falls 65% to ₹1,322 crore

The government on Tuesday said it received bids from seven companies including <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword> and <keyword id="20226597" type="General" weightage="20" keywordseo="JSW-Neo-Energy" source="keywords" meta.keywordsubtype="org" meta.entityname="JSW Neo Energy" meta.hostid="261" meta.entityid="JSW Neo Energy">JSW Neo Energy</keyword> for production-linked incentives to set up battery manufacturing facilities of 10 GWh capacity with an outlay of Rs 3,620 crore. The other bidders on the list included ACME Cleantech Solutions Private Limited, Amara Raja Advanced Cell Technologies Private Limited, Anvi Power Industries Private Limited, <keyword id="21402810" type="General" weightage="20" keywordseo="Lucas-TVS" source="keywords">Lucas TVS</keyword> Limited, and Waaree Energies Limited. The bids for manufacturing facilities with a cumulative capacity of 70 GWh came in response to a global tender issued by the Heavy Industries Ministry on January 24 this year. "The scheme received an overwhelming response from industry as bids received is 7 times the manufacturing capacity of 10 GWh to be awarded," the ministry stated. The ministry had announced the re-bidding of Production Linked Incentives (PLI) for 10 GWh <keyword id="20049274" type="General" weightage="20" keywordseo="Advanced-Chemistry-Cell" source="keywords">Advanced Chemistry Cell</keyword> (ACC) manufacturing. The pre-bid meeting was held on 12 February. The last date for receiving applications was April 22 and the technical bids were opened on Tuesday. In May 2021, the Union Cabinet had approved the PLI scheme for the National Programme on ACC battery storage with an outlay of Rs 18,100 crore. The scheme aims to achieve domestic manufacturing capacity of 50 Giga Watt hours (GWh) of battery storage. The first round of bidding was concluded in March 2022 and three companies were allocated a total capacity of 30 GWh. The agreement with selected companies was signed in July 2022. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india/slidelist/109529634.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/best-smartphones-under-25000-in-india/slidelist/109529634.cms" target="_blank">Best smartphones under ₹25,000 in India</a><a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a>

Reliance, JSW Neo Energy and 5 others bid for govt incentives to set up battery manufacturing units

New Delhi, <keyword id="47954" type="General" weightage="20" keywordseo="JSW-Energy" source="Orion">JSW Energy</keyword> Ltd on Friday announced appointment of <keyword id="2514251" type="General" weightage="20" keywordseo="Sharad-Mahendra" source="Orion">Sharad Mahendra</keyword> as Joint Managing Director and CEO of the company. His appointment is effective from February 1, 2024, the company said in an exchange filing. "Consequent to the vacancy created on account of Prashant Jain's decision to take early retirement, Sharad Mahendra has been appointed as a Whole-time Director (Joint Managing Director &amp; CEO - Designate) with effect from December 1, 2023," JSW Energy said. His appointment as a Whole-Time Director is effective from December 1, 2023 for a term of 5 years. Mahendra will take charge as Joint Managing Director and CEO with effect from February 1 next year. Jain will continue to be Joint Managing Director &amp; CEO till January 31, 2024. Prior to this appointment, Mahendra was CEO of JSW Steel Coated Products Limited (a 100 per cent subsidiary of JSW Steel Limited). He has worked with JSW Energy earlier as well as Chief Operating Officer (Energy Business) in 2017 where he led the power sales, mining, corporate commercial, legal, coal procurement, regulatory and corporate affairs functions. In 2019, he was appointed as a Whole-Time Director of the company. He left JSW Energy in 2020 to join as CEO of JSW Steel Coated Products Limited.

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JSW Energy gets contract from SECI for supply of 230 MW renewable energy

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JSW Steel Q4 net profit falls 65% to ₹1,322 crore

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Reliance, JSW Neo Energy and 5 others bid for govt incentives to set up battery manufacturing units

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JSW Energy appoints Sharad Mahendra as Joint MD & CEO

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