JSW Energy will have its battery assembly plant in Pune, Maharashtra, operationalized in the third quarter of the current financial year, as a company official noted.
In a recent investor call, the Joint Managing Director/CEO of the company, Sharad Mahendra, confirmed that they are in the final stages of trial running the green hydrogen project (capacity of 3,800 tonnes per annum (TPA) at Vijayanagar) and will soon start commissioning.
He reported that the company is establishing a battery assembly plant in Pune that has a 5 gigawatt-hour (GWh) capacity every year. It is geared towards the Battery Energy Storage Systems (BESS), and JSW Energy will have the facility operational within the third quarter of FY26.
“It will also enable us to meet domestic content requirements for BESS as and when they are mandated,” Mahendra added.
Total revenue grew by 59 percent on an annual basis to Rs 5,361 crore in the July-September quarter, as compared to 3,459 crore in the quarter last year, which the firm had registered.
Nevertheless, its consolidated net profit fell by a margin of more than 17 percent compared to the same period last year to Rs 705 crore in the September quarter as opposed to Rs 853 crore in the second quarter of 2024–25.
The present locked-in storage capacity of JSW Energy is 29.4 GWh, and 25.2 GWh of storage capacity has been signed.
The long-range ambition of the company is to have 30 GW of generation power and 40 GWh of storage by 2030.
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
