Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO

The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy

After the government's new policy for conventional energy, JSW Energy plans to explore opportunities in both commercial mining and power distribution businesses, Prashant Jain, joint managing director and chief executive officer, tells Amritha Pillay. The company, which reported a profit before tax of Rs 92.50 crore for the March quarter, a significant jump from Rs 18.41 crore a year ago, has, however, placed its capital expenditure and GMR acquisition on hold. Edited excerpts:

Why have you put GMR Kamalanga Energy acquisition on hold? Will you pursue other expansion plans drawn up earlier?

It is on hold because of the current uncertainty (Covid-19-induced).