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The net profit of Sajjan Jindal-promoted JSW Energy rose 7 per cent in the quarter ended June 30, 2019, on the back of better performance. The company has also terminated its agreement to buy Jindal Steel and Power’s Chhattisgarh power plant and has initiated discussions for repayment.
After shelving its plans to manufacture electric vehicles, earlier this year, JSW Energy now looks to focus on developing solar power projects.
For the quarter under review, JSW Energy reported a net profit of Rs 244.38 crore, against Rs 229.17 crore in the same period a year ago. “Power demand is back to
