JSW Renew Energy Three signs power purchase deal with Solar Energy Corp

10 May 2023 CW Team

On May 8, shares of JSW Energy rose by 5 per cent in response to news that JSW Renew Energy Three, the company's step-down subsidiary, had signed a power purchase agreement with Solar Energy Corporation of India.

According to the company's exchange filing, the agreement is for 300 MW ISTS-connected wind power projects that were awarded under SECI Tranche-XII. A power purchase agreement is in place for the 25-year supply of electricity at a rate of Rs. 2.94 per KWh.

According to the statement, the project will be completed in Maharashtra within the next 24 months.

JSW Energy’s share price is breaking out of a falling trendline which is the first sign of higher prices, said Manish Shah, Independent Market Expert. He further added that the 50-day moving average is curling up suggesting increasing momentum. Resistance is at Rs 278-280. Once this level is surpassed price can move higher to Rs 310 and above that to Rs 355. Shah suggests buying the stock with a stop loss below Rs 250.

In the past three months, the stock has risen close to 20 per cent while it has shot up over 550 per cent in the past three years.

Also Read
Indraprastha Gas and ACME Group strike a green hydrogen partnership
JSW Steel to invest $145 mn to improve manufacturing processes in US

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..