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13	13	JSWPTC has obtained a category "I" license to trade in power, which is the highest Power Trading license issued by Central Electricity Regulatory Commission to trade in power across India. Today, it is one of the leading power trading companies in India.
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18	18
19	19	== Plants ==
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67	67
68	68	== Mining ==
69	69
70		-In a concerted strategy to become a leading, fully integrated power company, JSW Energy has integrated backward into mining. {{footnote}}https://glenmarkpharma-us.com/about-us/who-we-are/{{/footnote}}
	69	+In a concerted strategy to become a leading, fully integrated power company, JSW Energy has integrated backward into mining. {{footnote}}https://www.jsw.in/energy/jsw-energy-mining
	70	+{{/footnote}}
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72	72
73	73	=== Barmer Lignite Plant ===
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82	82	Apart from coal mines, the Company has other infrastructural assets, viz. allocation in Richard’s Bay Coal (RBCT), Wash Plant, Railway Sidings etc.
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	85	+<img>
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	87	+
85	85	= Industry Overview =
86	86
87	87	== Coal Consumption in India ==
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89	89	The total coal consumption in India stood at ~~972 million tonnes (MnT) in FY2019-20, with a growth rate of 0.3% on a Y-o-Y basis. Of the total coal consumption, ~~729 MnT came through indigenous production, with the balance being imported. India’s domestic coal consumption is largely met through Coal India Limited (CIL) and Singareni Collieries Company Limited (SCCL), India’s largest coal miners, and off-take from these two stood at ~~644 MnT in FY2019-20, 5% lower than the previous year, with ~~80% being consumed by the power sector. By FY2022-23, coal consumption is expected to reach 1,076 MnT with domestic production touching 931 MnT, driven largely by an increase in production by CIL, commissioning of captive coal blocks and rising power needs of India. {{footnote}}https://www.jsw.in/jsw_energy_annual_report_2019_20/pdf/JSW%20Energy%20-%20Annual%20Report.pdf{{/footnote}}
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91	91
92		-Indian Power Sector
	95	+== Indian Power Sector ==
93	93
94	94	With a population of almost 1.4 billion, India is one of the world’s fastest-growing major economies and is vital for the future growth of global energy and power markets. The Indian Power sector has witnessed an eventful decade with a significant rampup in the power generation capacity leading to near-universal household electrification in India. However, it has also faced multiple headwinds such as fuel availability, lack of PPAs, delays in policy implementation and poor financial health of DISCOMs.
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96		-Power Capacity & Generation
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	100	+=== Power Capacity & Generation ===
	101	+
98	98	The installed power generation capacity in India as on FY2019- 20 stood at 370.1 GW, marking an increase of 14 GW YoY basis. Continuing the previous year’s trend, the capacity addition was led by Renewable Energy Segment (RES), which added ~~9.4 GW capacity. The net capacity addition in the Thermal segment witnessed a marginal pickup for FY2019-20 at 4.3 GW compared to 3.4 GW in FY2018-19.
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100	100	Within the RES segment, solar energy contributed ~~6.5 GW of the capacity addition, wind contributed ~~2.1 GW with others filling the rest. RES installed capacity has seen a big leap in the past few years
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104	104	All-India power generation for FY2019-20 stood at ~~1,389 billion units (BUs), up 1.0% from ~~1,376 BUs in FY2018-19. Thermal power generation stood lower by 2.8% YoY at ~~1,043 BUs compared to ~~1,072 BUs in FY2018-19. The share of power generation of the Thermal segment came down from ~~78% in FY2018-19 to ~~75% due to aggressive capacity addition in the RES segment. Hydropower generation increased significantly by 15.7% YoY to ~~156 BUs from ~~135 BUs in previous fiscal due to better water availability, especially in the Northern region. RES power generation increased 9.1% YoY to ~~138 BUs from ~~127 BUs in FY2018-19, led by robust capacity additions.
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	111	+[[image:JSWENERGY3.png]]
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109		-Power Demand
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	114	+=== Power Demand ===
	115	+
111	111	n FY2019-20, the demand for power in India grew by 1.3% to 1,291 BUs compared to 1,275 BUs in FY2018-19. The subdued power demand growth was due to the twin headwinds of overall weakness in economic activity and Covid-19 related impact towards the end of the year. Peak power demand touched an all-time high of 184 GW in FY2019-20, an increase of 3.8% YoY. Chhattisgarh, Himachal Pradesh, Kerala, Bihar, and Uttar Pradesh were the main drivers for power demand while Gujarat, Maharashtra and Tamil Nadu witnessed fall in demand on a YoY basis. The Northern region saw the highest increase in demand by 3.2% YoY to ~~395 BUs, followed by the Southern region where demand rose by 1.5% on a YoY to ~~346 BUs. The Eastern region witnessed a modest growth of 0.3% on a YoY basis to ~~146 BUs, while the North Eastern and Western regions saw a fall in demand by 0.4% to ~~389 BUs and 0.6% to ~~17 BUs, respectively.
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	119	+= Financial Overview =
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115		-Financial Overview
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117		-
118	118	The Company’s net generation in FY2019-20 stood at 21,252 MUs vis-à-vis 22,088 MUs in the previous year. It generated a total income of Rs 8,560 Crore in the current financial year compared to Rs 9,506 Crore in the previous year. The deemed PLF was 66.01% for FY2019-20 as against 65.18% for FY2018-19.
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120	120	The Company’s total Income from operations decreased by 9% and stood at Rs 8272.71 Crore as against Rs 9,137.59 Crore in the previous year. The Company earned an EBITDA (before exceptional items) of Rs 3,243.84 Crore, up by Rs 22.75 Crore over the previous year. The Company earned a Consolidated Profit of Rs 1099.92 Crore during the year as against Rs 695.13 Crore in the previous year. Its Total Comprehensive Income for the year stood at Rs 11.74 Crore as against Rs 707.15 Crore in the previous year. The Consolidated Net Worth and Consolidated Net Debt as on March 31, 2020, were Rs 11,645.62 Crore and Rs 8,944.55 Crore, respectively resulting in a Net Debt to Equity ratio of 0.77 times.
121	121
122		-Future Growth Strategies
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	126	+== Future Growth Strategies ==
	127	+
124	124	With the significant impetus of the Government on the development of renewable energy, the Company firmly believes that the Renewable Energy segment would be the prime technological driver for India’s future energy goals. To achieve its mission for becoming a sustainable and environmentally friendly enterprise, the Renewable Energy segment would be the locus of its growth plans.
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126	126	The Company envisages the growth of its current capacity to 10,000 MW over the foreseeable future, with most of the new capacities targeted in the Renewable Energy space, comprising of solar, wind and hydro based power projects through a mix of organic and inorganic opportunities in the generation segment of the power industry. The Indian Power sector is going through a phase of consolidation with multiple opportunities available in the renewable energy space at attractive project economics. The Company, with its robust balance sheet and proven operating and project execution expertise, aims to leverage these opportunities for value-accretive growth.
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	133	+**Financial Results for the quarter ended September 30. 2020 **{{footnote}}https://www.jsw.in/sites/default/files/assets/industry/energy/IR/Financial%20Performance/Financials/FY_20_21/Q2/Q2FY21%20-%20JSWEL%20Press%20Release.pdf{{/footnote}}
129	129
130		-Financial Results for the quarter ended September 30. 2020
131		-
132		-[[https:~~/~~/www.jsw.in/sites/default/files/assets/industry/energy/IR/Financial%20Performance/Financials/FY_20_21/Q2/Q2FY21%20-%20JSWEL%20Press%20Release.pdf>>url:https://www.jsw.in/sites/default/files/assets/industry/energy/IR/Financial%20Performance/Financials/FY_20_21/Q2/Q2FY21%20-%20JSWEL%20Press%20Release.pdf]]
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135	135	November 3, 2020; From July 1, 2020 some of the existing Long Term customers of the Company have migrated into a Job work arrangement for purchase of power as against the earlier two-part tariff arrangement. Under this mechanism, thermal coal required for power generation is supplied by the respective customers and the Company in turn receives the job work charges from the customers for the supply of power. This arrangement has resulted in both lower operating revenues and fuel cost in Q2FY21 (to the extent Of fuel cost of the power generated under job work), leading to a neutral impact on EBITDA.
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137	137	During the quarter, total revenue decreased by N on a YoY basis to Crore from Rs 2,232 Crore in the corresponding quarter of the previous year, primarily due to lower short term sales and the reduction attributable to the impact of job work at standalone entity. The fuel cost for the quarter decreased by 14% YoY to Rs 844 Crore, primarily attributable to lower generation and impact of job work at standalone entity.
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144	144	The Company’s Net profit stood flat YoY at Rs 352 Crore. Total Comprehensive Income of the Company for the quarter stood at Rs 998 Crore vis-a-vis Rs 23 Crore in the corresponding period of previous year.
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147	147	The Consolidated Net Worth and Consolidated Net Debt as on September 30, 2020 were Rs 13,037 Crore and Rs 7,671 Crore respectively, resulting in a Net Debt to Equity ratio of 0.59x.
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	149	+= References =
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151		-References
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153	153	{{putFootnotes/}}