|

JSW Energy plans wind turbine blade manufacturing unit in Karnataka

By

JSW Energy, led by Sajjan Jindal, is set to establish a wind turbine blade manufacturing facility in Karnataka to secure a steady supply of wind turbine generators (WTGs) for its renewable energy projects.  The plant, requiring an estimated investment of $50 million, will have the capacity to assemble 400-500 turbines annually.  The facility will be built on available land at JSW Energy’s Vijayanagar site, where the company also operates a 12.5 million tpa steel plant…

|

JSW Energy wins bid for KSK Mahanadi Power with Rs 159.85 billion offer

By

JSW Energy has emerged as the top bidder for KSK Mahanadi Power at an auction concluding on October 27, 2024. The Sajjan Jindal-led company offered Rs 159.85 billion to financial creditors, outbidding Adani Power, which had made a final offer of Rs 158.85 billion in the 10th round before opting out. JSW’s proposal includes a 26% equity stake for lenders and an additional Rs 1 billion for operational creditors. This acquisition marks another significant move…

|

JSW Energy Q2 FY 2025 net profit at Rs 8.53 billion, revenue up 2% YoY

By

JSW Energy reported a consolidated net profit of Rs 8.53 billion for the quarter ended September 2024 (Q2 FY 2025), slightly up from Rs 8.5 billion in the same period last year. The company’s total revenue for Q2 FY 2025 reached Rs 34.59 billion, marking a 2% year-on-year increase. Net generation for the quarter rose by 14% YoY to 9.8 billion units, driven by wind capacity additions and higher generation at thermal and hydro plants….

|

JSW signs PPA with SECI for 700 MW solar project

By

JSW Energy’s step-down subsidiary, JSW Renew Energy Eleven, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 700 MW solar capacity under SECI Tranche XIII. The PPA, with a tariff of Rs 2.56/kWh, is set for 25 years, and the project is expected to be commissioned within 24 months. JSW Energy, targeting 10 GW operational capacity by FY 2025, currently operates 7.9 GW across thermal, hydro, and renewable…