JSW Energy puts expansion on hold; eye on organic growth

JSW Energy, in its AGM on Thursday, said it has put expansion plans on hold due to the poor policy and regulatory environment. However, the company is scouting to acquire domestic assets under stress in order to strengthen its portfolio.

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Speaking to CNBC-TV18, Sajjan Jindal, MD, JSW Steel said, "After a year of awaiting clarity on policy and regulatory issues, the company has decided to consolidate its operations and  has put most of its expansion plans on hold with exception of  the Kutehr plant in Himachal Pradesh. The company will now focus on strengthening its balance-sheet.We plan to grow organically by reducing exposure to merchant capacities."