We are committed to establishing clear accountability for the implementation of our environmental policies, ensuring that responsibilities are well defined and upheld across all levels of the organization. The Management of the Company is accountable for the effective implementation of this Policy, while the respective business and functional heads are responsible for its deployment across all applicable operations.
In pursuit of transparency and inclusivity, we actively consult external stakeholders during both the development and execution phases of our environmental initiatives, recognizing the value of diverse perspectives in shaping effective and sustainable practices. Additionally, we prioritize comprehensive training for our employees to deepen their understanding of the company’s environmental impact, empowering them to make informed decisions that support our sustainability goals. Our non-renewable energy consumption target for FY 2025-26 was 6,32,81,140 MWh
We at JSW believe that energy saved is energy produced and thus we aim to conserve resources and energy by adopting the best available practices of the industry. As the exhaustion of fossil fuels, which supply three-quarters of this energy, is not far off, JSW Energy capitalizing on renewable power generation to support India as it moves forward in becoming carbon-free. We have onboarded new opportunities in our business, which is mainly leading us towards emerging as India’s leading power producer, as we balance our growth aspirations and risk management. Through this, we also aim to contribute to UNDP’s Sustainable Development Goals.
Energy audit is conducted on a regular basis to identify opportunities to conserve energy in our operations. We conduct trainings on energy efficiency, waste reduction, water efficiency management programs for our employees to raise awareness of energy, water and waste. Topics covered under this training included- Energy and Synergy to rise and align, energy conservation, energy efficiency and energy saving solutions, waste Management, Types of Waste & Water Conservation.
In a rapidly evolving energy landscape, JSW Energy continues to advance sustainability and operational excellence across its portfolio. At the Ratnagiri Thermal Power Plant, targeted efficiency measures were implemented during the overhauls of Units 3 and 4. These included condenser cleaning, rectification of air-ingress points, repair of turbine, improvement of feedwater-heating systems and optimisation of Condensate Extraction Pump operations. Collectively, these initiatives improved thermal efficiency, reduced fuel consumption, lowered auxiliary power demand and improved unit heat rates. Ratnagiri also achieved its lowest-ever monthly Auxiliary Power Consumption of 7.54% in FY 2025-26.
The de-staging of Boiler Feed Pump BFP-2B in Unit 2 further reduced pump power consumption and improved auxiliary-power performance. Overall, Ratnagiri’s efficiency initiatives delivered estimated annual energy reductions of 421,976.25 GJ and avoided approximately 38,240.63 tCO2e during FY 2025-26. These initiatives demonstrate the Company’s focus on improving the efficiency and environmental performance of its thermal assets while maintaining reliable baseload generation.
India’s energy transition requires a balanced approach that supports decarbonisation while maintaining affordable, reliable and uninterrupted electricity. Renewable energy will continue to drive long-term capacity growth, while thermal power will remain important for grid stability, peak-demand management and dependable baseload supply during the transition. JSW Energy is therefore pursuing renewable-led growth alongside calibrated investments and efficiency improvements in thermal generation.
Under Strategy 3.0, JSW Energy targets 30 GW of generation capacity and 40 GWh of energy-storage capacity by FY 2030. As of March 31, 2026, the Company had 13,454 MW of installed generation capacity, comprising 7,796 MW of renewable capacity, representing approximately 58% of the portfolio, and 5,658 MW of thermal capacity, representing approximately 42%. The Company’s locked-in generation portfolio stood at 32.1 GW, comprising approximately 21.4 GW of renewable capacity and 10.7 GW of thermal capacity. By FY 2030, the Company aims to maintain an approximately 70% renewable and 30% thermal portfolio mix.
The transition is supported by strategic diversification into energy storage, green hydrogen and energy-equipment manufacturing. JSW Energy has secured 29.6 GWh of locked-in storage capacity, comprising 26.4 GWh of pumped-hydro storage and 3.2 GWh of Battery Energy Storage Systems, against its FY 2030 target of 40 GWh. The Company has also operationalised a 5 GWh battery-container assembly facility in Pune and is developing domestic manufacturing capabilities to strengthen supply-chain resilience.
JSW Energy has commissioned a 25 MW green-hydrogen facility at Vijayanagar, powered entirely by renewable energy. The facility has an annual production capacity of approximately 3,600 tonnes of green hydrogen and supports the decarbonisation of steel manufacturing. Initial operating results indicate an approximately 3% reduction in carbon emissions per tonne of Direct Reduced Iron, along with improved production and reductant efficiency.
In parallel, the Company continues to reduce specific fuel consumption, improve heat rates, lower auxiliary power consumption and deploy digital energy-management systems across its thermal fleet. JSW Energy targets an approximately 50% reduction in combined Scope 1 and Scope 2 GHG emissions intensity by FY 2030, against the FY 2020 baseline of 0.76 tCO2e/MWh. In FY 2025-26, emissions intensity stood at 0.59 tCO2e/MWh, representing an approximately 25% reduction from the FY 2020 baseline. The Company’s long-term decarbonisation roadmap supports its commitment to achieve carbon neutrality by 2050 or earlier.
The Company operates two 400 kV transmission lines through its subsidiary, Jaigad Power Transco Limited (JPTL). Transmission reliability, measured by the System Average Interruption Duration Index (SAIDI), stood at 33.288 hours in FY 2022-23, 18.396 hours in FY 2023-24, 28.908 hours in FY 2024-25, and 15.768 hours in FY 2025-26.
Across its six thermal power assets, JSW Energy Limited (JSWEL) maintained an average Plant Availability Factor (PAF) of 72.91% in FY 2025-26. Its coal-based thermal power units achieved an average generation efficiency of 35.59% in FY 2025-26, compared with 35.33%, 35.42%, and 34.97% in the preceding three financial years, demonstrating sustained operational efficiency.
JSWEL recorded transmission losses of 0.65% in FY 2022-23, 0.60% in FY 2023-24, 0.43% in FY 2024-25, and 0.50% in FY 2025-26. These consistently low transmission losses reflect the Company’s focus on maintaining an efficient and reliable transmission network.
| Generation Source | Generation Mix (GWh)* |
|---|---|
| Coal | 36,140 |
| Wind | 8,087 |
| Hydro | 6,394 |
| Solar | 3,959 |
| Generation Source | Capacity 2026 (MW) | Target capacity 2030 (MW) |
|---|---|---|
| Coal | 5,658 | 9,000 |
| Wind | 3,656 | 9,500 |
| Hydro | 1,631 | 1,600 |
| Solar | 2,058 | 10,000 |
JSW Energy applies an EU Taxonomy-aligned classification methodology to identify sustainable products and services. Renewable electricity from solar, wind, hydro and hybrid sources is classified using applicable substantial-contribution criteria, including a lifecycle-emissions threshold below 100 gCO₂e/kWh, while conventional thermal generation and activities that do not meet the defined criteria are excluded. The classification methodology and the resulting sustainable-revenue KPI are subject to independent external verification to support the accuracy, consistency and reliability of the reported information.
The Company has planned capital expenditure of over ₹1.15 trillion over the next four years, representing the most ambitious investment programme in its history. The Company targets 30 GW of generation capacity and 40 GWh of energy-storage capacity by FY 2030, with approximately 70% renewable capacity, and aims to allocate more than 70% of capital expenditure towards renewable and green technologies. Investments support renewable generation, Battery Energy Storage Systems, pumped-hydro storage, green hydrogen, battery assembly and other low-carbon infrastructure. These investments are complemented by dedicated R&D facilities for energy-storage and battery solutions, with a focus on product safety, reliability, lifecycle performance, localisation and sustainable innovation.
Relevant R&D, innovation, product development, and commercial teams receive periodic training on taxonomy criteria, lifecycle emissions, sustainable design principles, and the environmental benefits of the Company’s low-carbon solutions. Performance objectives and incentive structures for relevant Sales, Business Development, and Operations personnel incorporate targets related to the growth of sustainable products and services, including variable pay and performance ratings. Progress is monitored through key performance indicators such as sustainable revenue, renewable energy capacity, energy storage capacity, green CAPEX, R&D outputs, and other portfolio performance metrics.
| Fiscal Year | Sustainable Revenues (in INR Cr.) |
|---|---|
| FY 2025-26 | 5,625.75 |
| FY 2024-25 | 3,578.90 |
| FY 2023-24 | 3,276.38 |
| FY 2022-23 | 1,490.72 |
