JSW Energy arm inks pact with Chhattisgarh govt for 1,000 MW project

08 Apr 2022 CW Team

JSW Energy's stock jumped 3.7% in early trading after a subsidiary signed a deal with the Chhattisgarh government to build a 1,000 MW hydro-pumped storage plant.

JSW Energy's stock hit a high of Rs 319.90 on the Bombay Stock Exchange (BSE), up from Rs 308.30 at the previous closing.

The company told the media that JSW Energy has entered into a memorandum of understanding (MoU) with the Government of Chhattisgarh through its wholly-owned subsidiary, JSW Neo Energy, for establishing a 1,000 MW capacity Hydro Pumped Storage Project, viz. Hasdev Bango Pumped Storage Project.

According to JSW, the development of energy storage solutions such as hydro pumped storage projects (PSPs) is becoming increasingly important because of the intermittent power supply from renewables.

The company signed a 1,500 MW contract with the Maharashtra government and a 1,000 MW letter of intent (LOI) with the Rajasthan government in the previous financial year (FY).

JSW Energy said that it has set an ambitious goal for a 50% reduction in carbon footprint by 2030 and accomplishing carbon neutrality by 2050 by transitioning towards renewable energy.

Image Source

Also read: JSW reports revenue growth of 22% in Q3 FY21

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..