JSW Energy's Ambitious Rs 15,000 Crore CAPEX Plan Unveiled

JSW Energy Chairman Sajjan Jindal announced the company’s plan for a Rs 15,000 crore capital expenditure in the current fiscal year. The company aims to achieve 20 GW generation and 40 GWh storage under its 'Strategy 2.0'. Additionally, it secured 3.4 GW of renewable projects and plans aggressive acquisitions.

In a bold move, JSW Energy's Chairman and Managing Director Sajjan Jindal revealed a substantial capital expenditure plan on Friday. The company is set to invest Rs 15,000 crore during the current fiscal year.

Addressing shareholders at the annual general meeting, Jindal outlined the ambitious 'Strategy 2.0' aiming to attain 20 GW of power generation and 40 GWh of storage. With a whopping Rs 1,15,000 crore investment goal, JSW Energy is also eyeing key acquisitions in the power sector.

Already, the company is on the verge of commissioning power generation, battery storage, and green hydrogen production projects. Jindal emphasized the importance of growth capital from their QIP, which amassed Rs 5,000 crore, highlighting significant milestones including securing 3.4 GW renewable projects this fiscal year.