JSW Plans to invest ?1.3 Lakh Crore to Achieve 30 GW Capacity by 2030

21 May 2025

JSW Energy, under the leadership of Sajjan Jindal, aims to achieve a generation capacity of 30 GW by the year 2030, alongside 40 GWh of energy storage. To realise this goal, the company has outlined a total incremental capital expenditure of ?1.3 lakh crore for the fiscal years 2026-2030, as stated by the company. This is part of the company's updated growth strategy, Strategy 3.0.

According to Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, "This Strategy 3.0 of 30 by 30 embodies our ambition to lead India's energy security through scale, speed, and sustainability." The company also reported on the previous day a 20% rise in consolidated net profit for the January-March quarter, attributed to increased power generation and revenue.

The net profit for the quarter reached ?414.5 crore, an increase from ?345.2 crore during the corresponding period last year. The consolidated net profit for the fiscal year 2024-25 rose by 15%, totalling ?1983 crore, compared to ?1725 crore in FY2023-24. In the recent quarter, operational revenue increased by 15.7%, reaching ?3189 crore compared to ?2756 crore. For the fiscal year 2025, operational revenue rose by 2%, totalling ?11745 crore.

During Q4 FY25, installed capacity surged by 2.8 GW, driven by 478 MW of Greenfield wind additions and 2,150 MW of thermal capacity additions. This included the strategic acquisition of the 1,800 MW operational capacities at KSK Mahanadi and the commissioning of the 350 MW Unit-2 at JSW Utkal. In FY7S, net generation rose by 16% YoY to reach 32.4 BUs, bolstered by increased capacity in both renewable energy and thermal sources. RE Generation saw a 24% YoY increase, totalling 11.6 BUs in FY25, attributed to the addition of 1.3 GW of wind capacity and improved hydrological conditions, which contributed an additional 949 MUs of generation from hydroelectric plants.