JSW Group subsidiary JSW Energy Ltd announced a capital expenditure plan of ₹15,000 crore for the current financial year (FY25) at its annual general meeting. Chairman and managing director Sajjan Jindal emphasized the company’s intentions to pursue acquisitions in the power sector alongside its investment plans. JSW Energy aims to achieve a total investment of ₹1.15 trillion to expand its renewable energy capacity to 20 GW and establish 40 GWh of battery storage under its ‘Strategy 2.0’.
Jindal highlighted the company’s progress in commissioning projects for power generation, battery storage, and green hydrogen production. He noted that the recently completed Qualified Institutional Placement (QIP) has strategically positioned JSW Energy to accelerate its growth initiatives.
Currently, JSW Energy operates with an installed capacity of approximately 7.3 GW across thermal, hydro, solar, and wind energy sources. The company has secured bids for an additional 4 GW through renewable energy auctions, increasing its locked-in generation capacity to 13.9 GW. Additionally, JSW Energy is progressing on energy storage projects totaling 3.4 GWh, currently in development.
Looking ahead, Jindal outlined the company’s strategic shift towards providing comprehensive energy solutions, including firm and dispatchable renewable energy (FDRE) and hybrid projects. He highlighted plans to expand into equipment manufacturing to enhance supply chain resilience. JSW Energy was also selected under the production linked incentive scheme for solar module manufacturing.
At the close of trading, JSW Energy shares on the BSE were valued at ₹735.75, reflecting a 1.48% increase from the previous close.
