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We keep evaluating demand, calibrate accordingly: JSW Energy Joint MD & CEO

The power sector is in stress and we feel consolidation is likely to happen, says JSW Energy joint MD and CEO Prashant Jain

Prashant Jain, Joint MD and CEO, JSW Energy
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Prashant Jain, Joint MD and CEO, JSW Energy

Jyoti MukulShreya Jai
The JSW Group is one of the actively picking up stressed assets. In an interview with Jyoti Mukul and Shreya Jai, Prashant Jain, joint managing director and chief executive officer (CEO), JSW Energy, shares his company’s plans to buy stressed assets both outside and within the scope of the Insolvency and Bankruptcy Code and foray into electric car manufacturing. Edited excerpts:

How far have you progressed on electric car manufacturing?

We have been working on building organisational capabilities. We have 35 people on board. Sergio Luiz Rocha, former president and CEO, GM Korea, is our chief operations officer and Rakesh Srivastava, former