Corporate Overview

GREAT LEADERS
INSPIRE COUNTLESS LIVES,
LEAVE EVERLASTING MEMORIES,
TO FOREVER GUIDE DESTINIES

Way back in 1952, an age before the phrase entered public discourse Shri O.P. Jindal heralded 'Make in India' with a small scale manufacturing unit in his home town of Hisar in Haryana. In its ground-breaking wake came a pipe manufacturing company, the Jindal Group and an industrial folklore built with steel and power.

For more than five decades, as young India, born from colonial subjugation to democratic freedom built itself into a modern state, Shri O.P. Jindal epitomised enterprise, nationalism, innovation and social service. He sired and took his eponymous business organisation to steller heights, strengthening at every step his commitment to social work and nation building.

On this day countless individuals in the Jindal family and beyond salute his spirit, which will forever guide our destiny.

Shri O.P. Jindal

August 7,1930 to March 31,2005
Visionary and Founder - O.P. Jindal

About this Report

The JSW Energy Integrated Annual Report (Report) FY2019 provides an extensive outline of the Company’s holistic approach to developing the nation and creating value for all stakeholders by presenting its strategy, governance, performance and prospects.

Scope

JSW Energy Limited (JSW Energy) is pleased to present its first Integrated Annual Report. In FY2019, JSW Energy adopted the Integrated Reporting <IR> framework prescribed by the International Integrated Reporting Council (IIRC). Through this Report, we aim to provide a holistic picture of our financial and non-financial performance, with respect to the six capitals of <IR>, to our stakeholders. We also aim to provide an enhanced understanding of the economic, social and environmental impacts on the Company, the governance framework that regulates the conduct of the business and the Company’s approach towards long-term sustainability. It includes measures of engagement with identified material stakeholder groups and outlines the organisation’s governance framework, along with its risk mitigation strategy. The Report provides information covering the period from April 1, 2018 to March 31, 2019.

Responsibility Statement

The contents of this Report have been reviewed by the Company’s Senior Management, under the guidance of the Board. This has ensured the integrity, accuracy and completeness of the information disclosed in the Report.

Reporting Framework

The financial and statutory data presented in the Report is in accordance with leading and international frameworks. These include reporting requirements under the Companies Act, 2013 and the rules made thereunder, Indian Accounting Standards (IndAS), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), the Global Reporting Initiative (GRI) Standards, the National Voluntary Guidelines (NVGs) for Business Responsibility Reporting (BRR) and UN Sustainable Development Goals (UN SDGs), among others. The non-financial data in the Report is guided by the IIRC framework.

Reporting Boundary

The information presented in the Report is material to our stakeholders and presents an overview of our businesses and associated activities that help in creating value in the short, medium and long term. We have also presented information on our subsidiaries both within India and overseas.The Report also covers our Joint Venture and Associate Company.

Independent Assurance

The performance by capitals section of the Report contains Key Performance Indicators (KPIs) presented under various capitals. Deloitte Haskins & Sells LLP has provided a limited assurance statement on select KPIs for FY2019 as mentioned in their assurance statement included as a part of this r eport.(The Report is defined earlier as the Integrated Annual Report).

Forward-looking Statement

In this Report, we have disclosed forward-looking information to enable investors to comprehend our prospects and take investment decisions. This Report and other statements – written and oral – that we periodically make contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions.

We have tried, wherever possible, to identify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievements of results are subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should keep this in mind. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future event or otherwise.