JSW Energy Ltd. announced on Friday that its step-down wholly owned subsidiary, JSW Energy PSP Eleven Ltd. (JEPEL), has secured orders worth ₹443.74 crore from Bondada Renewable Energy Pvt. Ltd. for the supply of Battery Energy Storage Systems (BESS) and Power Conversion System (PCS) solutions. According to the company's exchange filing, the order comprises 200 MW/400 MWh of battery energy storage systems, strengthening JSW Energy's push into the fast-growing energy storage market. The order marks another step in JSW Energy's expansion into the energy storage segment, as battery storage gains importance in supporting grid stability, peak load management, renewable energy integration and round-the-clock power supply.
JEPEL operates a 5 GWh per annum battery assembly plant in Pune, positioning the company well to execute this significant order. JSW Energy currently maintains a locked-in generation capacity of 32.1 GW, including 14.53 GW operational, 13 GW under construction, and a 4.6 GW pipeline. The company's locked-in energy storage capacity stands at 29.6 GWh, comprising 26.4 GWh of pumped hydro storage and 3.2 GWh of battery energy storage systems.
JSW Energy delivered robust financial results for Q4 FY26, with consolidated net profit jumping 38.36% to ₹573.53 crore compared to ₹414.51 crore in Q4 FY25. Revenue from operations showed even stronger growth, surging 41.04% year-on-year to ₹4,498.58 crore for the quarter ended March 31, 2026. The company's diversified power portfolio spans across thermal, hydro and renewable energy projects, establishing its presence across the power sector value chains.
JSW Energy is targeting 30 GW of generation capacity, 40 GWh of energy storage capacity by 2030, and carbon neutrality by 2050. The company has been actively expanding its renewable portfolio, commissioning 1,081 MW of renewable energy capacity since April 2026, taking its total installed capacity to 14,535 MW. The newly commissioned capacity includes 442 MW of solar, 108 MW of wind, 381 MW of hybrid and 150 MW of hydro power projects.
Following the latest capacity addition and strong Q4 results, shares of JSW Energy rallied 3.77% to settle at ₹553.30 on the BSE. The company's renewable energy portfolio now accounts for 61% of its total installed capacity, with renewable assets comprising 3,764 MW of wind, 2,500 MW of solar, 832 MW of hybrid and 1,781 MW of hydro assets, while thermal power capacity stands at 5,658 MW.
