Power-hungry JSW Energy could be a long-term bet
With stronger balance sheet and better cost management, JSW EnergyNSE -0.77 % is on a spree to bid for beleaguered assets in the country’s power sector at cheaper valuations. The success of its strategy will depend upon how well the company integrates these assets and how quickly demand recovers. For the time being, with a price-book (P/B) multiple of 0.8, the company’s stock remains among the cheapest bets for value investors.
After purchasing hydro plants from JP group a few years ago, it has now acquired GMR’s 1,050 megawatts (MW) Kamalanga power plant which is value-accretive.
