Latest Markets Business BEEPS Earnings Personal Finance

JSW Energy Can Achieve 20-GW Capacity Ahead Of Target, Says CEO

'We need at least 40 GW of renewable energy to meet country's growing demand,' Sharad Mahendra says.

Sai Aravindh

JSW Energy plant in Vijayanagar, Karnataka. (Photo: Company’s website)

JSW Energy Ltd.'s target to reach a generation capacity of 20 gigawatts by the financial year 2030 could be attained sooner than expected, according to Chief Executive Officer Sharad Mahendra. He expressed confidence in accelerating the company's growth trajectory by several years, citing the current order book of 13.2 GW and the existing opportunities available.

The Sajjan Jindal-led company is evaluating and will deliver its first milestone of 10 GW by the current fiscal, Mahendra told NDTV Profit's Niraj Shah in an interview. "That's the time we will be sure of what is the number for FY30," he said.

The company aims to reach 20 GW of generation capacity and 40 GWh of energy-storage capacity by fiscal 2030. The power producer is definitely thinking of advancing the 20 GW target from the set target, according to the CEO.

JSW Energy's consolidated net profit rose 22% in the fourth quarter of fiscal 2024 on the back of strong operating numbers.

X

Sharad Mahendra, , joint managing director and CEO, JSW Energy (Source: Vijay Sartape/NDTV Profit)

Sharad Mahendra, , joint managing director and CEO, JSW Energy (Source: Vijay Sartape/NDTV Profit)

"We need at least 40 GW of renewable energy to meet the country's growing demand, assuming an 8% growth every year," Mahendra said, underscoring that the opportunity is huge and renewable energy would play a significant role.

The company has increased availability of wind and solar power despite the fourth quarter being a low-availability season. It will be exploring more optimum utilisation of existing assets of Mytrah Energy, the CEO said.

Watch The Video Here

Also Read: JSW Energy To Fast-Track $12-Billion Investment To Advance 20-GW Target

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
WRITTEN BY
Sai Aravindh
Sai Aravindh is a desk writer at NDTV Profit, where he covers business and ... more
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

Centre Issues Draft Standards To Make Everyday Products Accessible For People With Disabilities

  • chevron-double-right The government has drafted accessibility standards for everyday products to aid persons with disabilities
  • chevron-double-right Standards cover 20 product categories including kitchenware, furniture, grooming, and medical supplies
  • chevron-double-right Products must feature braille, tactile elements, clear labelling, and universal design principles
More Beeps chevron-right

RECOMMENDED FOR YOU

Stock Picks Today: Axis Bank, RIL, JSW Infra, NTPC, L&T Tech And More On Brokerages' Radar
timelogo Aug 19, 2025
JSW Energy Confident Of Maintaining Ebitda Growth Momentum In FY26 After 93% Surge In Q1
timelogo Aug 02, 2025
Ebitda Uptick Was Led By Organic Renewable Capacity Additions, Says JSW Energy CEO Sharad Mahendra
timelogo Aug 01, 2025
JSW Steel Expansion Plan On Track Despite SC Order On BPSL: Jayant Acharya
timelogo Jul 18, 2025

POPULAR

1
Insurtech Firm Turtlemint Seeks IPO Approval, Submits Confidential Papers To Sebi
2
Noida Police Arrests Man For 'Creating' Fake GST Invoices Worth Rs 10 Crore
3
Classic Legends Slash Prices Of Jawa, Yezdi Bikes Post GST Reforms: Check New Rates
4
Himachal Floods: Tripura To Contribute Rs 5 Crore For Relief Work
5
Karnataka Gets 450 Additional Medical Seats, Introduces 15% NRI Quota In Govt Colleges