JSW Energy jumps 28% to ₹231 crore in Q3 on higher revenues

The consolidated net worth and net debt as of December 31, 2023, were ₹20,976 crore and ₹26,286 crore, respectively, resulting in a net debt-to-equity ratio of 1.3X. Liquidity continues to be strong, with cash balances at ₹2,867 crore as of December 31, 2023, it stated.

The company has one of the strongest balance sheets in the sector, which gives it the headroom to pursue value-accretive growth opportunities, it noted. It generated 6,128 million units (MU) of power in the third quarter, up from 4,274 MU a year ago, driven by the higher thermal generation and contribution from acquired and greenfield RE (renewables) capacity additions.

It is presently constructing various power projects to the tune of 2.6 GW, with a vision to achieve a total power generation capacity of 20 GW by 2030.

The board, in its meeting held on Tuesday, also appointed Ashok Ramachandran, Chief Operating Officer, as an Additional Director and as a Whole-time Director (designated as Whole-time Director & COO) of the company for a term of 5 years with effect from January 23, 2024, till January 22, 2029.

Ramachandran, in his capacity as a Whole-time Director, is also appointed as a key managerial personnel of the company. Previously, Ramachandran had been appointed as the Chief Operating Officer, with effect from October 20, 2023.