JSW Neo Energy, a subsidiary of JSW Energy, has received a Letter of Award from NTPC for a 400 MW solar power project. This project is part of NTPC’s initiative to develop 1,500 MW of solar power through competitive bidding. The award boosts JSW Energy’s total generation capacity to 19.6 GW, with 4.4 GW dedicated to solar. This move aligns with JSW Energy’s goal to achieve 10 GW operational capacity by FY 2025 and 20 GW by 2030. The company’s shares rose by 1.52% following the announcement, reflecting positive market sentiment.
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