JSW Energy shares touched a day high of Rs 513.10, after the company completed turbine orders for its full 3,200 MW Salboni power plant.

JSW Thermal Energy, a wholly owned subsidiary of JSW Energy, has signed a contract for two 800 MW steam turbine generators to power the second phase of its Salboni Thermal Power Project in West Bengal.

The order has been placed with Toshiba JSW Power Systems, which is an associate company of JSW Energy. This covers 1,600 MW of capacity, and the equipment will be built and delivered in line with how the project’s construction is progressing.

This isn’t the company’s first order for this project either. Back in January, JSW Energy had already placed a similar order for Phase I, also covering two 800 MW units.

With Friday’s announcement, turbine generator orders now stand secured for all four units at Salboni, adding up to the full 3,200 MW planned capacity.

The company said working with an associate supplier helps it get better visibility and coordination on equipment delivery, at a time when such equipment is in short supply across the industry.

JSW Energy currently runs close to 5,958 MW of thermal power capacity, with another 5,000 MW under construction, including the Salboni project and a separate expansion in Odisha.

Across all its businesses, including hydro and renewables, the company’s total locked-in generation capacity stands at 32.4 GW, and it has set a broader target of reaching 30 GW of operating capacity by 2030.

Shares of JSW Energy closed at Rs 506.55 on the NSE, down 0.68% for the day, giving the company a market capitalisation of around Rs 92,875 crore.

The stock is up marginally for the year so far, but remains well off its 52 week high of Rs 617.35, touched back in May.

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