Power Generation Company-JSW Energy Commissions Its First Green Hydrogen Plant

JSW Energy Limited has commissioned its first green hydrogen manufacturing plant, which is currently the largest in India, marking a pivotal step in the nation's clean energy transition. Located strategically next to the JSW Steel facility in Vijayanagar, Karnataka, the plant will supply green hydrogen directly to the Direct Reduced Iron (DRI) unit, supporting the production of low-carbon steel. This project falls under the government's Production Linked Incentive Scheme – Tranche I. The company has a seven-year offtake agreement with JSW Steel Ltd to supply 3,800 tons per annum (TPA) of green hydrogen and 30,000 TPA of green oxygen, forming part of JSW Energy’s 6,800 TPA allocation under the SIGHT program by SECI.

The commissioning of this plant significantly reinforces JSW Energy's position as a leader in India’s clean energy transformation, aligning with the country's ambitious target of producing 5 MTPA of green hydrogen by 2030. Further demonstrating its commitment, the Company has also signed a Memorandum of Understanding with JSW Steel Ltd to progressively increase its supply to 85,000-90,000 TPA of green hydrogen and 720,000 TPA of green oxygen by 2030. These initiatives are part of JSW Energy's broader goal to reach 30 GW of generation capacity and 40 GWh of energy storage capacity by FY 2030, ultimately aiming for Carbon Neutrality by 2050.

About JSW Energy Ltd

JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 23 billion JSW Group, which has a significant presence in sectors such as steel, energy, infrastructure, cement, sports, among others. JSW Energy Ltd has established its presence across the value chains of the power sector with diversified assets in power generation and transmission. With strong operations, robust corporate governance and prudent capital allocation strategies, JSW Energy continues to deliver sustainable growth and create value for all stakeholders. JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, the company has steadily enhanced its power generation capacity from 260 MW to 13.3 GW, ensuring diversity in geographic presence, fuel sources and power off-take arrangements. The Company is presently constructing various power projects to the tune of 12.5 GW, with a vision to achieve a total power generation capacity of 30 GW by 2030.

The company has a market cap of over Rs 92,000 crore and has been maintaining a healthy dividend payout of 20 per cent. As of June 2025, the Life Insurance Corporation of India (LIC) owns a 6.02 per cent stake. The stock is up by 26 per cent from its 52-week low of Rs 419.10 per share.

Disclaimer: The article is for informational purposes only and not investment advice.