JSW Energy PSP Eleven Limited (JEPEL), a step-down subsidiary of JSW Energy , has secured orders aggregating to ₹443.74 crore from Bondada Renewable Energy Private Limited for the supply of Battery Energy Storage System (BESS) and Power Conversion System (PCS) solutions. The order encompasses a 200 MW / 400 MWh capacity, reinforcing the company's capabilities in the energy storage value chain. Bondada Renewable Energy Private Limited is a wholly owned subsidiary of Bondada Engineering Limited.

This engagement marks a strategic step forward for JSW Energy in the energy storage segment, which is critical for grid stability, peak load management, and renewable energy integration. JEPEL operates a 5 GWh per annum battery assembly plant in Pune, facilitating the execution of such orders.

Operational Capacity and Pipeline

JSW Energy maintains a substantial locked-in generation capacity across various energy sources. The company's total locked-in capacity stands at 32.1 GW, which includes operational assets and projects under construction.

In addition to generation, the company is expanding its energy storage capabilities. The total locked-in energy storage capacity is 29.6 GWh, comprising pumped hydro storage and battery energy storage systems.

Strategic Goals

JSW Energy has set targets to reach 30 GW of generation capacity and 40 GWh of energy storage capacity by 2030. The company also aims to achieve carbon neutrality by 2050. The recent order aligns with these objectives by bolstering the battery energy storage component of its portfolio.

JSW Energy declared a dividend of ₹2 per equity share for the financial year ended March 31, 2026, at its 32nd Annual General Meeting (AGM) held on July 9, 2026. The meeting, conducted via video conferencing, saw the approval of the audited standalone and consolidated financial statements alongside the re-appointment of key directors and the ratification of cost auditor remuneration. All 17 resolutions listed in the notice were passed with the requisite majority, including several ordinary resolutions for material related party transactions.

Voting Results and Key Approvals

The facility for remote e-voting was available from July 6 to July 8, 2026, followed by e-voting during the AGM. A total of 973 ballots were cast regarding the dividend declaration, with 99.9862% of valid votes in favour. The resolution to adopt the financial statements received 962 ballots, securing 99.9841% approval. The re-appointment of Mr. Sharad Mahendra as Director was approved by 99.4637% of valid votes, while the special resolution for the re-appointment of Mr. Rajiv Chaudhri as an Independent Director received 99.3026% approval.

Related Party Transactions

Shareholders approved 12 ordinary resolutions concerning material related party transactions involving subsidiaries and associates. These included transactions between the company and JSW Mahanadi Power Company Limited, JSW Renewable Energy (Vijayanagar) Limited, and JSW Energy (Utkal) Limited. Additional resolutions authorised transactions with JSW Steel Limited, JSW Neo Energy Limited, and various other subsidiaries such as JSW Renew Energy Twelve Limited and JSW Renewable Energy (Cement) Limited. The resolution regarding transactions between JSW Thermal Energy Two Limited and Toshiba JSW Power Systems Private Limited was also approved.

Meeting Proceedings

Mr. Sajjan Jindal, Chairman and Managing Director, chaired the meeting, which was attended by 109 members. The Chairman confirmed that the reports from the Statutory Auditor and Secretarial Auditor contained no qualifications. The meeting concluded at 12:26 p.m. IST. The Scrutinizer's report, confirming the passage of all resolutions, has been published on the company's website and the website of KFin Technologies Limited, the Registrar and Share Transfer Agent.