JSW to spend ₹1.3 lakh crore to reach 30GW capacity by 2030
"This Strategy 3.0 of 30 by 30 reflects our ambition to lead India’s energy security with scale, speed, and sustainability,” said Sharad Mahendra, Joint Managing Director and CEO of JSW Energy.
The company on Thursday also reported a 20% increase in consolidated net profit for the January-March quarter due to higher power generation and revenue.
Net profit for the quarter was ₹414.5 crore, up from ₹345.2 crore in the same period a year ago. Consolidated net profit for fiscal 2024-25 was up 15%, at ₹1983 crore, up from ₹1725 crore in FY2023- 24.During the quarter, revenue from operations was up 15.7% at ₹3189 crore against ₹2756 crore. For FY 2025, revenue from operations was up 2% at ₹11745 crore.During Q4 FY25, installed capacity surged by 2.8 GW, driven by 478 MW of greenfield wind additions and 2,150 MW of thermal capacity additions. This included the strategic acquisition of the 1,800 MW operational capacity at KSK Mahanadi and the commissioning of the 350 MW Unit-2 at JSW Utkal.
Net Generation in FY7S increased by 16% YoY to 32.4 BUs, supported by capacity additions in both RE and thermal. RE Generation increased 24% YoY to 11.6 BUs in FY25 due to 1.3 GW wind capacity addition and better hydrology, resulting in incremental generation of 949 MUs (million units) at Hydro plants.Company board declared a dividend of ₹2 per share and approved raising of funds not exceeding ₹10,000 Crores in one or more tranches, through the issuance of eligible securities of the company by way of private offerings and/or on preferential allotment basis and/or qualified institutions placement or any other method or combination thereof, it said.
The company's scrip ended at ₹487.30, up 2.58% on the BSE, on Thursday.
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