JSW Energy Q2 Net Profit Jumps 38 Per Cent To ₹1,141 Crore As Revenue Rises; Board Approves ₹5,000 Crore Fundraising

JSW Energy reported a significant 38 percent increase in its consolidated net profit to ₹1,141 crore in the second quarter of the current financial year. This rise in profits was fueled by heightened revenue, which surged to ₹6,657.71 crore compared to ₹5,361 crore in the corresponding period last year. The company's total installed capacity amounts to 15,147 MW, with a substantial 61 percent of this capacity coming from renewable sources.

Among these, 3,125 MW is generated through wind power, 2,426 MW via solar energy, 1,857 MW from hybrid sources, and 1,781 MW from hydroelectric projects. Complementing these renewables, the company owns 5,958 MW of thermal capacity.

A noteworthy venture for JSW Energy is its partnership to develop the 920 MW Punatsangchhu-III Hydroelectric Project in Bhutan, in collaboration with Druk Green Power Corporation Limited. This venture is jointly owned by DGPC and JSW Neo Energy, with the former holding a 51 percent stake and the latter 49 percent. This marks the first time JSW Energy is expanding its operations outside India.

Additionally, JSW Energy expanded its reach by acquiring Maruti Clean Coal & Power Ltd, a 300 MW thermal power plant located in Chhattisgarh, for approximately ₹1,410 crore. The purchased plant features a long-term Power Purchase Agreement with Rajasthan discoms for 195 MW (net), with a residual PPA life of 14 years.