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FINANCIAL YEAR 2024 - IN BRIEF

At JSW Energy, we continued to report a strong operational and financial performance in FY 2024 achieving the highest ever EBITDA of ₹ 5,837 crore. We made significant strides towards the outlined target of 20 GW before FY 2030 by locking-in additional renewable energy projects of 3.4 GW resulting in 13.2 GW of locked-in generation capacity.

Key Achievements of FY 2024

Sustainability

Climate Change

  • Increased share of renewable energy for deep carbonisation
  • Continuously focussing on process improvements to reduce GHG emissions

Water Security

  • Maintained zero liquid discharge across our all our thermal power plants
  • 44,866 m3 water utilised by Ratnagiri plant through the rain water harvesting system
  • 41,61,333 KL of waste water recycled and reused cumulatively across all plants

Waste

  • Continuing 100% ash utilisation initiatives at all plants through tie-ups with cement factories and similar businesses

Air Emissions

  • Process efficiency improvements at all plant locations
  • Lime dozing system availability and parameter optimisation at Barmer to reduce air emissions

Biodiversity

  • 18,611 saplings of various native species planted around the operational boundaries of plants
  • Mango plantation of 7,800 trees completed at Ratnagiri plant
  • Phase 2 of Biodiversity Assessment is in process for the Ratnagiri plant

Performance

Climate Change

  • Having a robust balance sheet and strong cashflow to pursue growth
  • Installed generation capacity increased by 681 MW, resulting in total installed capacity of 7,245 MW
  • Net Generation increased by 27% YoY to 27.9 BUs while the total RE generation increased by 54% YoY to 9.3 BUs
  • Reported EBITDA of ₹ 5,837 crore in FY 2024, up 53% YoY; and PAT of ₹ 1,723 crore, recording a growth of 17% YoY
  • Cash PAT increased 26% YoY to ₹ 3,237 crore, implying 21% cash return on adjusted net worth
  • A dividend of ₹ 2.0 per share has been recommended by the Board

Growth

Strategy 2.0

  • Building an integrated portfolio of power generation (RE 5.6 GW) and Energy Storage (3.4 GWh) assets for supplying 24x7 renewable power through a combination of strategic Backward Integration (equipment manufacturing); Inorganic Growth; and Forward Integration (3,800 TPA of Green Hydrogen production for manufacture of green steel); and having acquired value-accretive stressed thermal plants (Ind-Barath)
  • To grow total capacity to 20 GW before FY 2030 mainly through renewables, which is in line with India’s renewable energy growth trajectory
  • In forward integration of renewable energy, to set up 40 GWh of energy storage by 2030; to set up 3,800 TPA; Green Hydrogen production plant
  • Integrating backward by setting up PV modules for solar projects for captive usage
  • Integrating backward for manufacturing of 3.X MW WTGs for captive usage
  • Sychronised 350 MW capacity Unit 1 of Ind-Barath Thermal Power Plant in Odisha, increasing operational capacity to 7,245 MW, aligning with crucial phase of sustained high demand growth. The unit will play a key role in meeting India’s rising base load demand, contributing significantly to fulfilling India’s energy security requirements
  • JSW Neo signed MoUs with JSW Steel to set up renewable generation capacity of 6.2 GW and energy storage projects of 2.7 GWh, to be progressively developed by 2030
  • Set to commission three milestone projects – 500 MW/ 1,000 MWh battery energy storage system (BESS), green hydrogen production, and equipment manufacturing