JSW Energy has put on hold all discretionary capex: Prashant Jain, joint MD & CEO

JSW Energy has put on hold all its discretionary capital expenditure due to Covid-19 related uncertainties and lower power demand. The company, however, plans to double its generation capacity to 10 GW over the medium term focusing primarily on renewables, Prashant Jain, joint MD & CEO, JSW Energy, told Vikas Srivastava during an interview. Going ahead, he said incremental growth will mostly stem from the renewable energy segment and a strong liquidity position will help the company navigate astutely through any adverse conditions. Edited excerpts:

What could be the reason for the drop in Ebitda by around 4% but an increase in operating margins to 44% in Q1FY21? How do you see the operating income and margins going ahead in short-to-medium term?