JSW Energy Q2 Net Profit Jumps 38% to ₹1,141 Crore

JSW Energy reported a 38% year-on-year rise in consolidated net profit to ₹1,141 crore in the September quarter. The company's total income rose to ₹6,657.71 crore from ₹5,361 crore in the year-ago period.

The board of JSW Energy approved raising long-term funds of up to ₹5,000 crore through the issuance of non-convertible debentures. The company's current installed capacity stands at 15,147 MW, with renewables accounting for 61% of the capacity.

JSW Energy signed a Shareholders' Agreement with Druk Green Power Corporation Limited to jointly develop the 920 MW Punatsangchhu-III Hydroelectric Project in Bhutan. The company also acquired Maruti Clean Coal & Power Ltd, which operates a 300 MW thermal plant in Chhattisgarh, at an enterprise value of approximately ₹1,410 crore.

The company's renewable portfolio comprises 3,125 MW of wind, 2,426 MW of solar, 1,857 MW of hybrid, and 1,781 MW of hydro capacity, complemented by 5,958 MW of thermal capacity. This is the company's first power generation venture outside India.