JSW Energy shares jump 5% on 400 MW Karnataka power deal

• JSW Energy shares rose 5% after signing a 25-year Power Purchase Agreement (PPA) for 400 MW with Karnataka distribution companies.
• The PPA, through JSW Energy (Utkal) Ltd, has a tariff of ₹5.78 per kWh and begins April 1, 2026.
• This agreement reduces JSW Energy's open capacity to 5% and increases its total locked-in generation portfolio to 30.5 GW.
• The company aims for 30 GW generation and 40 GWh storage by FY2030, targeting carbon neutrality by 2050.
• JSW Energy's board approved a fundraise of up to ₹10,000 crore, including a preferential issue of shares and convertible warrants to the promoter.

Why It Matters: JSW Energy's new power deal and fundraise boost its growth and financial outlook.