JSW Energy shares surged by 4% on January 14, 2025, following a significant milestone: the receipt of a Letter of Intent (LoI) for the 3,600 MW KSK Mahanadi Thermal Power Plant. This development comes under the corporate insolvency resolution process, with the resolution plan approved by the Committee of Creditors, marking a strategic enhancement to the company's energy portfolio.
The stock opened at ₹527.00, peaked at ₹541.20, and dipped to a low of ₹526.00 during the trading session. While the shares are currently well below their 52-week high of ₹804.90, they remain above the 52-week low of ₹451.65.
This milestone is expected to strengthen JSW Energy's position in the energy sector, potentially influencing investor confidence and market trends in the coming weeks.