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Business Standard
20-05-2025
- Business
- Business Standard
JSW Energy to invest ₹14k cr to expand RE capacity of O2 Power
JSW Energy is planning to invest approximately ₹14,000 crore to scale up the renewable energy capacity of its newly acquired entity, O2 Power, to 4.7 gigawatts (GW) by 2027, senior company executives said. In addition, the firm aims to allocate up to ₹18,000 crore in FY26 to complete existing projects and support new growth initiatives. The company's subsidiary, JSW Neo Energy Ltd, has acquired O2 Power's 4,696 MW renewable energy portfolio from O2 Power Pooling Pte Ltd for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, 1,463 MW is under construction, and 974 MW is in the pipeline, the company said. At present, O2 Power's installed capacity stands at 1.3 GW. JSW Energy plans to increase this to 4.7 GW by June 2027, backed by a capital outlay of ₹13,000–14,000 crore, Joint Managing Director Sharad Mahendra said during an analyst call. For FY25, the capital expenditure stood at about ₹8,000 crore—lower than the guidance of ₹15,000 crore. 'Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down,' the CFO said. JSW Energy is currently building 11.3 GW of generation capacity, all secured under long-term Power Purchase Agreements (PPAs), Mahendra added. This includes 9.7 GW of renewable energy and a 1.6 GW ultra-supercritical thermal power project at Salboni, marking the company's return to greenfield thermal investments after more than a decade. 'Beyond this, we have a robust project pipeline of approximately 4.9 GW, where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed,' Mahendra said.
Time of India
20-05-2025
- Business
- Time of India
JSW Energy to invest ₹14,000 cr to expand renewable energy capacity of Oxygen Power
JSW Energy would invest around ₹14,000 crore to expand renewable energy capacity of recently acquired O2 Power to 4.7 gigawatt (GW) by 2027, and in FY26 it looks to spend up to ₹18,000 crore to complete ongoing projects, senior company officials said. Its arm JSW Neo Energy Ltd (JSW Neo) has acquired 4,696 MW renewable energy platform of O2 Power Pooling Pte Ltd (O2 Power) for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, while 1,463 MW is under construction, and an additional 974 MW are in the pipeline, the company had said. The current installed capacity of O2 Power is 1.3 GW and JSW Energy expects to increase it to 4.7 GW by June 2027 by undertaking capital expenditure of ₹13,000-14,000 crore, JSW Energy Joint MD Sharad Mahendra said in an analyst call. On the capex plan for FY26, Pritesh Vinay, company's Director (Finance) and CFO said the company is expecting to spend ₹15,000-18,000 crore to complete the ongoing projects plus the pipeline of new growth projects that have started. For FY25, it was about ₹8,000 crore as against guidance of ₹15,000 capex. "Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down," the CFO said. Joint MD Mahendra said JSW Energy is constructing 11.3 GW of generation projects, all of which are fully tied up under long-term Power Purchase Agreements . The under-construction portfolio includes 9.7 GW of renewable energy projects and 1.6 GW Salboni ultra-supercritical thermal power project which marks the company's investment in greenfield thermal after more than a decade, he said. "Beyond this we have a robust project pipeline of approximately 4.9 GW of projects where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed." On KSK Mahanadi , he said currently 1,800 MW is operational which is 95 per cent tied up under PPAs and has fuel supply agreements. "We are currently integrating operations with JSW Energy and implementing comprehensive plan to bring cost efficiencies," he added. JSW Energy had acquired the 3,600 MW thermal asset through NCLT proceedings for a total resolution amount of ₹16,084 crore.
Time of India
20-05-2025
- Business
- Time of India
JSW Energy to invest Rs 14,000 cr to expand renewable energy capacity of Oxygen Power
JSW Energy would invest around Rs 14,000 crore to expand renewable energy capacity of recently acquired O2 Power to 4.7 gigawatt (GW) by 2027, and in FY26 it looks to spend up to Rs 18,000 crore to complete ongoing projects, senior company officials said. Its arm JSW Neo Energy Ltd (JSW Neo) has acquired 4,696 MW renewable energy platform of O2 Power Pooling Pte Ltd (O2 Power) for an enterprise value of Rs 12,468 crore. Of the total, 2,259 MW will be operational by June 2025, while 1,463 MW is under construction, and an additional 974 MW are in the pipeline, the company had said. The current installed capacity of O2 Power is 1.3 GW and JSW Energy expects to increase it to 4.7 GW by June 2027 by undertaking capital expenditure of Rs 13,000-14,000 crore, JSW Energy Joint MD Sharad Mahendra said in an analyst call. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gạch cao su mới cho tường – Hãy thử xem! Gạch | Quảng cáo tìm kiếm Tìm Ngay On the capex plan for FY26, Pritesh Vinay, company's Director (Finance) and CFO said the company is expecting to spend Rs 15,000-18,000 crore to complete the ongoing projects plus the pipeline of new growth projects that have started. For FY25, it was about Rs 8,000 crore as against guidance of Rs 15,000 capex. Live Events "Because of certain delays in some of the ongoing projects and because we were accelerating the inorganic growth pipeline, we calibrated it down," the CFO said. Joint MD Mahendra said JSW Energy is constructing 11.3 GW of generation projects, all of which are fully tied up under long-term Power Purchase Agreements . The under-construction portfolio includes 9.7 GW of renewable energy projects and 1.6 GW Salboni ultra-supercritical thermal power project which marks the company's investment in greenfield thermal after more than a decade, he said. "Beyond this we have a robust project pipeline of approximately 4.9 GW of projects where Letters of Intent or Letters of Award have been secured and PPAs are yet to be signed." On KSK Mahanadi , he said currently 1,800 MW is operational which is 95 per cent tied up under PPAs and has fuel supply agreements. "We are currently integrating operations with JSW Energy and implementing comprehensive plan to bring cost efficiencies," he added. JSW Energy had acquired the 3,600 MW thermal asset through NCLT proceedings for a total resolution amount of Rs 16,084 crore.
Time of India
15-05-2025
- 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.
Economic Times
15-05-2025
- Business
- Economic Times
JSW Energy Q4 Results: Cons PAT jumps 16% YoY to Rs 408 crore. Board approves Rs 10,000 crore fundraise plan
JSW Energy on Thursday reported a consolidated net profit growth of 16% to Rs 408 crore in Q4FY25 versus Rs 351 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 3,189 crore, which was also up nearly 16% versus Rs 2,755 crore in the corresponding quarter of the last financial year. ADVERTISEMENT The company's board approved a proposal to raise up to Rs 10,000 crore in one or more tranches by way of private offerings and/or on preferential allotment basis and/or via qualified institutions placement (QIP) mode. The renewable power generation company also recommended a dividend of Rs 2 per equity share for the financial year 2024-25 to the shareholders of the company. Company's cash PAT grew by 8% from Rs 686 crore in Q4FY24 to Rs 744 crore in Q4 the quarter ended March 31, 2025, the total revenue increased by 21% YoY to Rs 3,497 crore from Rs 2,879 crore resulting in EBITDA growth of 17% YoY from Rs 1,292 crore to Rs 1,512 crore. It was driven by contributions from the 1,800 MW KSK Mahanadi thermal power plant and organic wind capacity additions, the company's filing FY25, the total revenue increased 6% YoY to Rs 12,639 crore from Rs 11,941 crore in FY24. EBITDA for the year grew by 5% YoY to Rs 6,115 crore driven by RE capacity additions, contributions from the Utkal and KSK Thermal plants. PAT increased 13% YoY to Rs 1,951 crore as compared to Rs 1,723 crore in FY24. Meanwhile, cash PAT for the full year stood at Rs 3,399 crore and Rs 4,679 crore on a proforma basis. ADVERTISEMENT Balance Sheet The consolidated net worth and net debt as on March 31, 2025 were Rs 27,362 crore and Rs 43,962 crore respectively, resulting in a net debt to equity ratio of l.6X. Net Debt to EBITDA stood at 5.0x, with Net Debt to EBITDA (excl. CWIP) at a healthy 3.9X. Receivables in DSO terms are at a healthy level of 76 days in the quarter. ADVERTISEMENT Cash and Cash EquivalentLiquidity continues to be strong with Cash balances at Rs 5,660 crores as of March 31, 2025. Management take ADVERTISEMENT Commenting on the earnings, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said that the company has surpassed the 10 GW capacity target, marking a major milestone in its growth journey. "Our successful completion of two large-scale acquisitions underscores our capability to execute complex, high-impact transactions. Additionally, our recent foray into greenfield thermal projects underlines our commitment to energy security. As we build on this momentum, we are excited to unveil our new growth plan, Strategy 3.0, targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage. This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability," Mahendra said. (You can now subscribe to our ETMarkets WhatsApp channel)
