JSW Energy Share Price Steady After Battery Storage Pact With RVUNL

Market Performance

On July 2, JSW Energy's share price remained essentially flat during early trade.

• At 09:23 AM, the stock was trading at ₹527.45, up ₹0.35 or 0.07% on the BSE.
• The share has declined by nearly 30% over the past year.
• 52-week high: ₹804.95 (Sept 24, 2024)
• 52-week low: ₹419.10 (Feb 17, 2025)
• Currently, the stock is trading:
  • 34.47% below its 52-week high
  • 25.85% above its 52-week low
• Market Capitalisation: ₹92,186.05 Crore

Significant Development: Battery Storage Agreement Signed

JSW Energy made headlines after its step-down subsidiary, JSW Renew Energy Thirty Seven, entered into a Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL).

Key Highlights of the Agreement:

• Project Capacity: 250 MW / 500 MWh standalone Battery Energy Storage System (BESS)
• Location: Rajasthan
• Development Model: Build, Own, and Operate (BOO)
• Tariff: ₹2,24,000 per MW per month
• Agreement Duration: 12 years
• Support: Backed by Viability Gap Funding (VGF)

This project signifies a crucial advancement in the company's mission to enhance its energy storage capabilities and accelerate its transition to clean energy solutions.

Company Details

JSW Energy is steadily progressing towards its long-term energy storage goals.

• Total Locked-In Energy Storage Capacity:
  • 29.3 GWh, which includes:
    • 2.9 GWh of Battery Energy Storage Systems (BESS)
    • 26.4 GWh of Pumped Hydro Storage
• Target for 2030: 40 GWh of energy storage capacity

In June 2025, through its subsidiary Energizent Power, the company signed a Power Purchase Agreement with NHPC for a 300 MW Solar-Wind Hybrid project, connected to the ISTS (Inter-State Transmission System).

Summary

The JSW Energy share price remained essentially unchanged after the announcement of a significant battery storage project with RVUNL. The agreement, which spans a 12-year term, aligns with the company's aggressive growth in the energy storage sector.

With a locked-in capacity of 29.3 GWh and a clear roadmap to achieve 40 GWh by 2030, JSW Energy is strengthening its position in the green energy segment.

Despite recent share price volatility, the company continues to pursue strategic partnerships and projects that bolster its clean energy infrastructure.