JSW shares rise on hopes for government support

Jastrzebska Spolka Weglowa SA

09/10/2025 13:28

** Shares in JSW JSW.WA rise around 10% to their highest since July on hopes for government support for the Polish state-controlled coal miner

** Erste Group analyst Jakub Szkopek says that the Polish government has "clearly stated for weeks" it wants to help the company

** Szkopek points to obtaining a potential reimbursement of a 1.6 billion zloty ($437.25 million) windfall tax, which the company paid from its 2022 income as one of the measures considered by the government

** Polish deputy state assets minister Robert Kropiwnicki said at a parliamentary session on Wednesday that the tax should not have been paid by JSW

** If gains hold, the stock will see its biggest one-day rise since August 2023; it is the most traded stock in Warsaw as of 1224 GMT

($1 = 3.6592 zlotys)

 (Reporting by Alicja Surdy)

 ((alicjaewa.surdy@thomsonreuters.com))