JSW Energy Boosts Capex to Rs 1.15 Trillion for Strategic Expansion

JSW Energy has announced a significant increase in its capital expenditure, aiming to reach 20 GW by 2030 and 40 GWh as part of its Strategy 2.0. The company plans to invest approximately Rs 15,000 crore in the current fiscal year alone, up from its previous capex target of Rs 1.12 trillion. This move comes in response to robust power demand, a pipeline of ongoing capacity projects, and a strengthened capital structure.

Driven by a commitment to sustainability, JSW Energy targets a 50 percent reduction in carbon footprint by 2030 and aims for carbon neutrality by 2050. The company is actively advancing projects in power generation, battery storage, and green hydrogen production. Recently securing Rs 5,000 crore through a Qualified Institutional Placement (QIP), JSW Energy is well-positioned to finance its expansion into renewable energy sectors.

In addition to internal growth initiatives, JSW Energy is exploring opportunities for acquisitions within the power sector. This strategic approach aligns with its goal to bolster its position as a key player in India's energy transition landscape.

JSW Energy's proactive stance in increasing its capex underscores its ambition to accelerate towards its long-term energy goals, leveraging both internal investments and strategic financial maneuvers to drive sustainable growth in the coming years.

News by Rahul Yelligetti