The domestic equity indices were trading on a firm footing in early afternoon trade. Optimism surrounding quarterly earnings supported buying in domestic shares. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 120.92 points or 0.25% at 48,839.44. The Nifty 50 index gained 38.95 points or 0.27% at 14,673.10.
In the broader market, the S&P BSE Mid-Cap index added 0.96% while the S&P BSE Small-Cap index rose 1.05%.
The market breadth was strong. On the BSE, 1,807 shares rose and 971 shares fell. A total of 170 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, dropped 3.14% to 22.9475. The Nifty 27 May 2021 futures were trading at 14,729.25, at a premium of 56.15 points as compared with the spot at 14,673.10.
JSW Energy said its arm JSW Renew Energy has signed a power purchase agreement (PPA) for the supply of 540 Mw of blended wind power capacity. The PPA is signed with Solar Energy Corporation of India (SECI).
The company in a statement said this is single largest PPA for wind/blended wind power capacity awarded to a company and will mark the foray of JSW in this segment.
The firm won these projects in a competitive bidding done by SECI. Earlier on March, it was awarded 450 Gw of wind power capacity. JSW aims to be a 10 Gw energy firm in this decade. In September 2020, JSW Energy said JSW Future Energy had received Letter of Awards for total blended wind capacity of 810 Mw in respect of the tariff-based competitive bids invited by SECI for setting up of 2,500 Mw ISTS (Inter State Transmission System)-connected blended wind power projects.
JSW Renew Energy, SECI sign pact for selling 540 MW green energy
May 03, 2021
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This is the single largest power purchase agreement to be signed by SECI for wind/blended wind category
JSW Renew Energy, a wholly-owned subsidiary of JSW Future Energy, has signed agreement with Solar Energy Corporation of India to sell 540 MW of the overall awarded capacity of 810 MW.
JSW Future Energy had won the wind power project by bidding ₹3 per kwh, sources said.
The pact signed by SECI with JSW Renew Energy is the single largest power purchase agreement to be signed by SECI for wind/blended wind category in the industry and marks the foray of the company in the specific category of green energy generation.
JSW Renew Energy, wholly owned subsidiary of JSW Future Energy has signed a Power Purchase Agreement with Solar Energy Corporation of India (SECI) for the Contracted Capacity of 540 MW out of total awarded capacity of 810 MW.
This is the single largest PPA for wind/blended wind category in the Industry, and marks the foray of the Company into Wind / blended wind energy generation segment.
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