JSW Energy Powers Up with ₹15,000 Crore Capex Push in FY25

JSW Energy's Chairman & Managing Director, Sajjan Jindal, announced in the company's annual general meeting a robust capex target of Rs 15,000 crore for the current fiscal year. This ambitious investment drive is part of their 'Strategy 2.0', aiming to achieve a generation capacity of 20 GW and a storage capacity of 40 GW. The total investment required for these expansion goals is estimated at approximately Rs 1,15,000 crore.

Underlining their proactive stance in the power sector, JSW Energy is advancing with the commissioning of ongoing projects focused on power generation, battery storage, and green hydrogen production. The company recently raised Rs 5,000 crore through a successful Qualified Institutional Placement (QIP) issue in April, which garnered significant interest from global and domestic institutional investors, subscribing over 3.2 times.

In the renewable energy sphere, JSW Energy secured 3.4 GW of projects through competitive bidding in the last fiscal year. The company's locked-in capacity has surged by 42% compared to the previous year, reaching 13.9 GW. Noteworthy projects in their pipeline include 2.4 GW of solar projects awarded by SJVN, NTPC, SECI, and GUVNL.

News by Rahul Yelligetti