JSW Energy

JSW Energy

Type	Public company (BSE: 533148)
Industry	Energy
Founded	1994
Headquarters	Mumbai, India
Area served	India
Key people	Sajjan Jindal (Chairman)[1] Sanjay Sagar (JMD & CEO) Pramod Menon (Director-Finance)
Products	Electricity Generation and transmission, Hydroelectricity, energy trading, Mining, Power Plant Equipment Manufacturing
Revenue	89340 million (US$1.4 billion)[2]
Number of employees	1000+
Parent	JSW Group
Slogan	Lighting up a Billion Dreams
Website

JSW Energy Limited (JSWEL) (BSE: 533148|NSE: JSWENERGYEQ) is the dynamic vertical of $11 Bn JSW Group which has set up business facilities in various core sectors of India. With verticals that are exploring innovative and sustainable avenues in steel, energy, infrastructure and cement, the Group is paving the way for India’s development as a global superpower.

JSW Energy forays in various areas of power: Generation, Transmission and Trading. In less than a decade of its operations the company has crossed several milestones working on power solutions in the States of Karnataka, Maharashtra, Rajasthan, Chhattisgarh, West Bengal and Himachal Pradesh.

Power Plants

JSW Energy has 3740 MW of operational generating capacity. In addition, it has power generation projects at an early stage under development with a proposed combined installed capacity of 8630 MW.

• JSW Vijayanagar Power Station, Toranagallu village in Bellary district, Karnataka. It is a 1460 MW (2x130,4x300 MW) plant.^[3]
• JSW Ratnagiri Power Station, Nandiwade village near Jaigad in Ratnagiri district, Maharashtra. It is a 1200 MW (4x300 MW) plant.^[4]
• JSW Barmer Power Station, Bhadresh village in Barmer district Rajasthan. It is a 1080 MW (8x135 MW) plant.^[5]
• JSW Energy,controlled by billionaire Sajjan Jindal, has acquired two of Jaiprakash Power Ventures’ hydro power plants, with a combined capacity of 1,391 Mw, for Rs 9,700 crore.

The board of directors of Jaiprakash Power Ventures, a fully owned subsidiary of the Jaypee group, has approved the 100 per cent transfer of businesses of its operating power plants — the 300-Mw Baspa-II hydroelectric plant (commissioned in 2003) and the 1,091-Mw Karcham Wangtoo plant (commissioned in 2011), in Himachal Pradesh.

The price paid by JSW Energy, however, was higher than what analysts has estimated. “We expected Rs 9,000 crore for these assets. So, in our view, JSW Energy has overpaid about Rs 700 crore,” said Bhargav Buddhadev, an analyst with domestic brokerage Ambit Capital.

Jaypee’s entire hydropower portfolio of three plants was up for sale. Of these, JSW has bought two with an asset value of 50 years. Since the acquired capacity is operational, this deal would add to JSW’s generation capacity, revenue, PAT (profit after tax) and Ebitda (earnings before interest, tax, depreciation and amortisation). With a total hydro asset base of 1,300 Mw, JSW is now the largest private producer of hydro power in the country.

References

External links