India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 423.35 GW as of July 31, 2023. Power generation in India increased by 8.87 per cent to 1,624.15 billion kilowatt-hours (kWh) in FY23. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come.
In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required. Keeping in mind the importance of electricity, our choice scrip for this issue is JSW Energy Limited. The company is amongst India’s leading independent power producers and is a part of the USD 23 billion JSW Group. The company sells power through a combination of long-term and short-term power purchase arrangements and through the power exchanges in India to state-owned utilities, power trading companies and some industrial consumers.
This story is from the December 04, 2023 edition of Dalal Street Investment Journal.
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This story is from the December 04, 2023 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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