JSW Energy shares end 5% higher, largest single-day gain since March; here’s why

On Friday, shares of JSW Energy closed 5.30 per cent higher at Rs 482.05 on BSE. This marks the largest single-day gain since March 5, 2025, when the counter closed 5.74 per cent higher. While the stock remains down nearly 25 per cent on a year-to-date basis, Friday’s surge was fuelled by a fundraising plan announcement and a long-term revenue deal in Karnataka. Advertisement

A sentiment booster came from the company’s subsidiary, JSW Energy (Utkal) Limited. The arm has inked a Power Purchase Agreement (PPA) with multiple Karnataka DISCOMs for the supply of 400 MW of power. The 25-year agreement, effective from April 1, 2026, locks in a tariff of Rs 5.78 per kWh.

This deal reduces the company's ‘open capacity’—power capacity without long-term buyers—from 8 per cent down to roughly 5 per