JSW Solar Acquired by JSW Energy for Clean Energy Business

JSW Energy, today, said it has consolidated an entirely possessed auxiliary JSW Solar Ltd. to seek after trade openings in renewable energy and related fragments.

Sajjan Jindal-led JSW Energy, today, said it has consolidated an entirely possessed auxiliary JSW Solar Ltd. to seek after trade openings in renewable energy and related fragments.

“The company has, on January 1, 2018, incorporated a wholly owned subsidiary JSW Solar Ltd to, inter alia, pursue business opportunities in the renewable energy space, energy storage systems, microgrids, etc,” JSW Energy said in BSE filing today.

The company’s board in the Eminent final year had endorsed the proposition of entering into electric vehicles vitality capacity frameworks and related commerce, straightforwardly or through one or more backups.

The company had said that the anticipated CapEx to be brought about on these businesses over the next three a long time would be on the run of Rs 3,500 to Rs 4,000 crore. The company has moreover inked a settlement with the Government of Gujarat to set up an office to make electric car and capacity battery.

Source: ET Energy World