Mumbai: JSW Energy is gearing up to broaden its operations beyond power generation, aiming to become a comprehensive provider of energy products and services. At the company’s annual general meeting, chairman Sajjan Jindal announced plans to invest ₹1.15 lakh crore in capital expenditure by 2030. This investment targets achieving a generation capacity of 20 gigawatts (GW) and a storage capacity of 40 gigawatt-hours (GWh).
Capital Expenditure
The announced capital expenditure represents a significant increase from the previously committed ₹85,000 crore. For the current fiscal year, JSW Energy plans a capex of ₹15,000 crore.
Jindal highlighted the company’s strategic shift towards integrating new energy solutions such as firm and dispatchable renewable energy (FDRE), battery energy storage systems, pumped storage projects, green hydrogen, and related technologies. This diversification aims to expand JSW Energy’s market reach and addressable opportunities across the energy value chain.
Capacity
Currently operating with around 7.3 GW of installed capacity across thermal, hydro, solar, and wind power, JSW Energy has secured bids to develop an additional 4 GW in renewable energy projects. The company’s ongoing projects include energy storage ventures totaling 3.4 GWh.
JSW Energy
Jindal emphasized that JSW Energy remains on track to achieve its target of 10 GW installed capacity by fiscal year 2025, with 2.6 GW of projects currently under construction.
JSW Energy’s stock closed 1.58% higher at Rs 736.5 on the BSE following the announcement, outperforming the flat benchmark Sensex.
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