GE Power India reports energy consumption in BRSR for FY 2025-26

GE Power India Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, disclosing a total energy consumption of 13,869.33 Giga Joules (GJ). The report, submitted pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's environmental performance and governance structure. The company reported a turnover of ₹12,692,713,476 and a net worth of ₹4,828,684,236 as of March 31, 2026. While Corporate Social Responsibility (CSR) provisions were applicable, the mandated obligation was nil due to the average net profit of the last three financial years being negative.

The company reported total Scope 1 emissions of 83.24 metric tonnes of CO2 equivalent and Scope 2 emissions of 2,155.2 metric tonnes of CO2 equivalent. Energy consumption included 5,824.80 GJ from renewable sources and 8,044.53 GJ from non-renewable sources. The combined emission intensity per rupee of turnover was reported as 0.0000010927 GJ/₹. GE Power India faced a penalty of ₹319,483,311 from the Office of the Joint Commissioner, Central Goods & Service Tax, regarding alleged non-reporting and non-discharge of GST liability, against which the company has preferred an appeal.

Operational and Employee Metrics

The company's operations span 2 plants and 2 offices nationally, serving 36 states and union territories in India and 26 countries internationally. As of March 31, 2026, the company had 479 permanent employees and 18 permanent workers. The Board of Directors comprised six members, with one woman director representing 16.67% of the board. Key Management Personnel included three members, with one woman director representing 33.33%. The company's facilities are 100% compliant with the requirements of the Rights of Persons with Disabilities Act, 2016.

Governance and Safety

GE Power India maintained an occupational health and safety management system certified to ISO 45001. The company reported zero fatalities and zero lost time injuries during the financial year. The Sustainability Committee was dissolved with effect from February 11, 2026, and sustainability-related matters are now reviewed directly by the Board of Directors. The company continues to align its operations with the United Nations Sustainable Development Goals (UN SDGs) and the NGRBC principles.

Key Environmental Data

Parameter	Unit	FY 2025-26	FY 2024-25
Total Energy Consumption	Giga Joules (GJ)	13,869.33	13,016.39
Renewable Energy Consumption	Giga Joules (GJ)	5,824.80	-
Non-Renewable Energy Consumption	Giga Joules (GJ)	8,044.53	13,016.39
Total Scope 1 Emissions	Metric tonnes CO2e	83.24	77.31
Total Scope 2 Emissions	Metric tonnes CO2e	2,155.20	2,316.44
Total Water Withdrawal	Kilolitres	8,475.60	14,123.54

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.46%	-7.08%	-20.75%	+141.82%	+140.49%	+117.03%

GE Power India has made available the audio recording of its investor meet held on July 10, 2026, on its website. The meeting was conducted to discuss corporate developments, including the proposed demerger of its Durgapur business to JSW Energy Limited. This disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Turnaround

Management highlighted a significant financial turnaround over the past two years. The company’s net worth grew more than eight-fold, climbing from ₹57 crores in March 2024 to ₹483 crores by March 2026. Liquidity improved from a deficit of ₹66 crores in 2023 to a robust ₹880 crores by March 2026. Additionally, the company reduced bank guarantee exposure by ₹1,364 crores over two years. EBITDA turned positive, reaching ₹277 crores in FY 2026 from a loss of ₹251 crores in FY 2023. The credit rating was upgraded to BBB+ with a stable outlook as of June 2026, and a dividend was declared in 2026.

Operational Performance

Order bookings in the core services business grew from ₹299 crores in 2021-2022 to ₹734 crores in 2025-2026, representing a CAGR of approximately 25%. The company also reported strong progress in the oOEM segment, where order growth increased from ₹162 crores to around ₹320 crores.

Demerger Details

The Durgapur facility, which has faced significant underutilization and average losses of approximately ₹27 crores per year from 2023 to 2025, will be demerged to JSW Energy. The transaction is subject to sanction by the National Company Law Tribunal and will be effective retrospectively from July 1, 2025.

Share Entitlement

Under the Scheme of Arrangement, shareholders will receive shares without any dilution in their existing holding of GE Power India. The entitlement ratio is as follows:

Holding in GE Power India	Entitlement in JSW Energy
139 fully paid equity shares	10 fully paid-up equity shares

A five-year manufacturing services agreement with JSW Energy has been established to ensure reserved capacity at pre-agreed schedules and pricing, ensuring no disruption to the core services business. The Board of Directors has unanimously approved the resolution.