Established in: 1994
Managing Director: Sharad Mahendra
JSW Energy Limited is one of India’s leading private-sector independent power producers and is a subsidiary of JSW Group. The company and its subsidiaries are engaged in power generation. The company was initially founded as a joint venture by Sajjan Jindal in 1994 between JSW Steel Limited and a Belgian company called Tractebel S.A. The company was founded as Jindal Tractebel Power Company before being renamed as JSW Energy Limited on December 7 2005.
JSW Energy Limited launched its IPO and went public in December 2009, and raised around ₹2,700 crores with a face value of ₹10 per share. The shares were issued at ₹100 per share and listed on both the stock exchanges, NSE and BSE, categorised as a mid-cap company.
History of JSW Energy Limited
JSW Energy Limited was initially incorporated in 1994 as Jindal Tracebel Power Company Limited. The company started as a joint venture between JSW Steel Limited and Tractebel S.A., a Belgian utility company. In 2000, the company started its operations with a commission of two 130 MW units at Torangaully in Karnataka to supply power to neighbouring steel plants.
In 2001, Tracebel S.A exited the venture and its stakes were taken over by ICICI, IDBI and JSW Group companies. In the following year, the company was renamed as Jindal Thermal Power Company Limited. In December 2005, the company was renamed again to JSW Energy Limited.
Business Segments of JSW Energy Limited
The following are the business segments of JSW Energy Limited.
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Power Generation
JSW Energy Limited manages and operates a diverse portfolio of renewable energy generation, such as Hydro, Wind, and Solar. The company also operates thermal and multi-fuel power stations in Ratnagiri, Barmer and Vijayanagar.
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Energy Storage Services
The company operate assembly plants for large-scale Battery Energy Storage Systems (BESS).
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Green Hydrogen
JSW Energy Limited oversees the development and production of green hydrogen and derivatives, including an operational facility at Vijayanagar.
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Equipment Manufacturing
The company engages in manufacturing critical renewable components such as wind turbine blades and thermal power plant components.
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Power Trading and Transmission
JSW Energy Limited engages in power trading and transmission to transmit the electricity generated at the power plants, such as solar farms, wind parks, or thermal power stations, to the main electrical grid. This ensures the energy is available for widespread distribution.
Subsidiaries of JSW Energy Limited
The following are the subsidiaries of JSW Energy Limited
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JSW Neo Energy Limited
This company was established to enter into the renewable energy, green energy and battery energy storage.
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JSW Hydro Energy Limited
JSW Hydro Energy Limited operates JSW’s hydro-electric power generation operations.
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JSW Thermal Energy Limited
JSW Thermal Energy Limited merges the group's thermal power and oversees the thermal energy generation.
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Jaigad Power Transco Limited
This subsidiary operates and oversees the power transmission infrastructure.
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JSW Energy (Barmer) Limited
This company oversees the lignite-based thermal power projects based in Rajasthan.
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JSW Power Trading Company Limited
This company handles power trading and manages, buys and resells electrical power in India.
JSW Energy Financial Highlights
- Revenue: JSW Energy reported revenue of ₹19,877.72 crore in FY26 vs ₹12,639.49 crore in FY25. It showed an increase of 57.27% on a yearly basis.
- Operating Profit: JSW Energy reported an operating profit of ₹1,985.82 crore in FY26 vs ₹2,213.90 crore in FY25. It showed a decrease of 10.30% on a year-on-year basis.
- Net Profit: JSW Energy reported a net profit of ₹2,762.41 crore in FY26 vs ₹1,982.88 crore in FY25. It showed an increase of 39.31% on a yearly basis.
JSW Energy Quarterly Result Highlights
- JSW Energy reported revenue of ₹5,436.57 crore in Jun 2026, compared with ₹4,850.87 crore in Mar 2026, representing an increase of 12.07% on a quarter-on-quarter (QoQ) basis.
- JSW Energy reported an operating profit of ₹695.81 crore in Jun 2026, compared with ₹187.80 crore in Mar 2026, representing an increase of 270.51% on a quarter-on-quarter (QoQ) basis.
- JSW Energy reported a profit of ₹532.70 crore in Jun 2026, compared with ₹573.53 crore in Mar 2026, reflecting a decrease of 7.12% on a QoQ basis.
- The earnings per share (EPS) of JSW Energy stood at ₹12.82 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.