Sajjan Jindal-backed JSW Energy is planning to add 5.5 GW in renewable energy in the next 3-5 years and said it continues to be interested in acquiring Ind Barath, which is still undergoing corporate insolvency resolution process. The company on Tuesday said its net profit remained flat in the September quarter.
Talking to BusinessLine, Prashant Jain, Joint MD and CEO, JSW Energy, said the company is looking to up its renewable energy (RE) play going forward. “Currently, of our total 4.6 GW capacity, 70 per cent is thermal and the remaining is a mix of RE and hydro electric. In the next 3-5 years, we have a target of achieving 10 GW capacity and would like to reverse that mix.”