JSW ENERGY Ltd is originally promoted by Sajjan Jindal Group and Belgium based Tractebel S.A in 1994.Later in 2001 Tractebel sold its stake and exited from the company.It started commercial production of power in the year 2000 and now it has two thermal power plants with a total capacity of 860 MW. These two plants are in vijayanagar ,Karnataka and one of these can run with dual fuel(gas and coal) and the other one is coal based. It also have another 1200 MW capacity plant under construction at Rathnagiri which is expected to fully operational by October 2010.Another 1080 MW capacity Lignite based plant is also under construction (Raj West Power) in Barmer ,Rajastan which is expected to fully commissioned in the beginning of 2011. Some of the other plants-RWPL Phase 2 (270MW by 2013,) Kutehr Hydro power project(240 MW by 2015), Chhattisgarh (1320 MW by 2014)Maharastra (3020 MW Coal based), West Bengal(1600 MW coal based), Jharkhand(1620 MW) are also under various phase of implementation. For most of the projects which are going to be commissioned in near future ,company already signed power purchase agreements . To part finance its various projects company came out with an IPO in December 2009 and collected 2143 crore. To ensure the supply of coal for its various project company already signed agreements with various agencies mainly with Sungai Belati Coal, Indonesia joint venture company with Toshiba Corporation in the name of Toshiba JSW Turbine and Generator Private Limited.This company is meant for the design, engineering, manufacture, assembly and sale of sub-critical and super-critical steam turbines and generators which will range in capacity from 500 MW to 1,000 MW. Major risk of project execution is applicable to JSWEL as in the case of any large project. But considering the facts that, it already implemented and started production from some of its plants and the experience got from it along with the strength of the group gives sufficient confidence in this company. Also , the commissioning of its various projects in near future gives revenue visibility which is a major positive for the company. Investors expecting low risk with steady return can BUY JSW Energy at current market price of Rs.115/-
