After JSW Energy's wholly-owned subsidiary JSW Neo Energy entered into a Memorandum of Understanding with Maharashtra to set up a hydro pumped storage project (PSP) in the state, JSW Energy stock surged on Thursday. It will set up a 960 MW capacity hydro PSP. At 11:45 am, the company's stock was trading 11.85% higher at ₹328 apiece on the NSE.