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JSW to spend Rs 1.3 lakh crore to reach 30GW capacity by 2030
JSW to spend Rs 1.3 lakh crore to reach 30GW capacity by 2030

Time of India

time15-05-2025

  • Business
  • Time of India

JSW to spend Rs 1.3 lakh crore to reach 30GW capacity by 2030

Sajjan Jindal-led JSW Energy is targeting 30 GW of generation capacity by 2030, along with 40 GWh of energy storage, and has planned a cumulative incremental capital expenditure of Rs 1.3 lakh crore to achieve the same over FY2026- 2030, the company said. This is part of the company's new growth plan, Strategy 3.0. "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. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nordlust Schmuck - Strand & Meer NORDLUST Jetzt kaufen Undo 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 Rs 414.5 crore, up from Rs 345.2 crore in the same period a year ago. Consolidated net profit for fiscal 2024-25 was up 15%, at Rs 1983 crore, up from Rs 1725 crore in FY2023- 24. Live Events During the quarter, revenue from operations was up 15.7% at Rs 3189 crore against Rs 2756 crore. For FY 2025, revenue from operations was up 2% at Rs 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 Rs 2 per share and approved raising of funds not exceeding Rs 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 Rs 487.30, up 2.58% on the BSE, on Thursday.

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