JSW Energy Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with BSE Limited and the National Stock Exchange of India Limited. The filing, submitted by Company Secretary Monica Chopra on June 16, 2026, includes an Independent Practitioner’s Reasonable Assurance Statement on the BRSR Core Indicators provided by Bureau Veritas (India) Private Limited. This report forms part of the company’s Integrated Annual Report for FY 2025-26 and is available on its website.

The company reported a consolidated operational presence comprising 61 plants and 14 offices nationally, alongside one international office. As of the end of the financial year, the total workforce stood at 12,818, comprising 5,338 employees and 7,480 workers. The gender diversity data indicated that women constituted 5.72% of the total employee strength and 3.46% of the total worker strength. The Board of Directors included one female member out of ten, representing 10% representation.

Operational and Financial Overview

JSW Energy’s primary business activity involves the generation, transmission, and trading of renewable and thermal power, which accounted for 100% of its turnover. The company reported a paid-up capital of ₹17,57,29,22,600. For the purposes of Corporate Social Responsibility (CSR), the company disclosed a turnover of ₹18,901.13 crore and a net worth of ₹30,751.51 crore.

The company confirmed that all its plants are compliant with applicable environmental laws, regulations, and guidelines, including the Water Act, Air Act, and Environment Protection Act. No fines or penalties were imposed by regulatory authorities regarding non-compliance during the reporting period.

Sustainability Performance and Assurance

The BRSR details the company’s performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBCs). JSW Energy has constituted a Business Responsibility and Sustainability Reporting Committee (BRSR Committee) to oversee its sustainability strategy and disclosures. The committee meets biannually to review performance against defined objectives.

Bureau Veritas (India) Private Limited provided a reasonable assurance statement on the BRSR Core indicators and the Integrated Report. The assurance engagement covered non-financial disclosures for the period from April 1, 2025, to March 31, 2026, adhering to GRI Standards 2021 and SEBI’s BRSR Core framework. The scope included physical site visits and virtual verification of key operational sites across thermal, hydro, solar, and wind segments.

Workforce and Safety Metrics

The company provided extensive data on employee well-being, noting that 100% of permanent employees and workers were covered by health and accident insurance. Safety management systems were implemented across all operations, aligned with ISO 45001:2018 standards. During the year, the company identified and mitigated 25 high-risk scenarios through its Barrier Health Management tool and reported over 102,483 unsafe acts and conditions were corrected by employees.

The report also highlighted that 53% of value chain partners were assessed for health and safety practices and working conditions. The company maintained a zero-tolerance approach towards bribery and corruption, with no reported cases or penalties during the financial year.

JSW Energy has signed a definitive agreement to acquire 100% equity shares of Maruti Clean Coal and Power Limited for an enterprise value of ₹1,410 crore. The transaction involves the purchase of a 300 MW thermal power plant located in Korba, Chhattisgarh, which will become a wholly-owned subsidiary of the company upon completion. This acquisition is aimed at strengthening JSW Energy's thermal portfolio and supporting its growth strategy to achieve a 30 GW capacity target by FY 2030.

Deal Structure and Conditions

The definitive agreement was signed with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited. The transaction is structured as a cash consideration and is subject to receipt of necessary regulatory approvals and other customary conditions, including approval from the Government of Chhattisgarh for the transfer of CSIDC land and consent from existing lenders. The deal envisages a Long Stop Date of July 31, 2026.

Financial Overview of Maruti Clean Coal and Power Limited

Maruti Clean Coal and Power Limited, incorporated on March 8, 1999, operates the 300 MW thermal power plant in Chhattisgarh. The asset is expected to be EBITDA and PAT-accretive for JSW Energy, while also reducing net leverage. The financial performance of the target entity is presented below:

Capacity Impact and Strategic Fit

JSW Energy currently operates an installed thermal capacity of 5,658 MW. Following the closure of this transaction, the company's total installed and locked-in thermal capacity will reach 5,958 MW and 10,958 MW respectively. The acquisition aligns with the company's disciplined 'Build vs. Buy' approach to pursue value-accretive inorganic opportunities.

The company has a total locked-in generation capacity of 32.1 GW, comprising 13.9 GW operational and 13.6 GW under construction across thermal, hydro, and renewables. JSW Energy aims to reach 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030.