JSW Energy has decided to focus only on power and dropped all its diversification initiatives after its plan to enter the electric vehicle manufacturing business was shelved. The company scrapped its plans to invest Rs 6,500 crore over the next 3-5 years to get into electric vehicle manufacturing business,
JSW Energy Thursday reported a consolidated net profit of Rs 5.79 crore for March quarter 2019 mainly on account of higher revenues. In the year-ago period, the company registered a loss of Rs 480.05 crore, a JSW Energy statement said.
JSW Energy Limited (“the Company”) has secured a Purchase Order from Telangana State Discoms of 300 MW Round The Clock power to be supplied from the Company’s Vijayanagar Power Plant, Karnataka for the period from 1st July, 2019 to 31st March, 2020.
It was one of the most intriguing electric vehicle (EV) projects simply because its manufacturer was not into automobiles. Yet, that was no deterrent to the Sajjan Jindal-led JSW Group, which had announced with much fanfare over 18 months ago that it was getting into EVs.
More than 18 months after announcing its intentions to enter the electric vehicles manufacturing space, Sajjan Jindal-led JSW Energy has abandoned this plan owing to high uncertainties associated with the business as well as to maintain capital for growth opportunities in the power sector.
In a meeting of the power producers last week, the key issues discussed were the nonpayment by discoms as well as the coal shortage. CNBC-TV18 spoke with Ashok Khurana, director-general of Association of Power Producer
JSW Energy expects assets under insolvency and bankruptcy code (IBC) to get resolved in the next 12 months. In an interview with CNBC-TV18, Prashant Jain, joint managing director and CEO of JSW Energ
JSW Energy Ltd. expects power demand in the country to grow by nearly 8 percent in the fourth quarter of the current financial year, its Joint Managing Director and CEO Prashant Jain said.
Prashant Jain, joint managing director and CEO of JSW Energy, believes there will be a quicker and better resolution if the stressed power assets go to National Company Law Tribunal (NCLT).
Amid meticulously pruned maple trees on one side and rows of red and yellow roses on the other, the constant clanking of turbines shatters the silence of the hills. The turbines on the basin of the Sutlej flowing from China