JSW Energy posts Rs 310.5 cr bet profit in Q3
"Though the fuel prices have stabilised to some extent, the rupee continued to remain under pressure against the dollar, containing the gains due to fall in international coal prices. We will continue to optimise the blending mix of different categories of coal as well as identify new sources of coal aimed at reducing the fuel costs," Naik added.
He said due to uncertainty on coal supply and tariff prices, JSW Energy has put on hold its thermal projects.
"We are, however, going ahead with the 240 MW Rs 2,000 crore hydro power project in Himachal Pradesh. We have also received forest clearance for the project, but for the time being we have put our thermal projects on hold."
The company has an operational capacity of 2,600 MW apart from 540 MW of generating capacity under commissioning.
Meanwhile, the company has suspended operations of its wholly-owned overseas subsidiary South African Coal Mining Holding and is exploring various alternative business options to effectively utilise the assets and concessions.
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