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As on 01-Dec-2023  15:34

JSW Energy jumps after appointing Sharad Mahendra as joint MD & CEO
Prashant Jain will continue to serve in his current position till 31 January, 2024, to support an orderly transition. Accordingly, Mahendra shall be the joint managing director & CEO and a key managerial person of the company with effect from 1 February, 2024.

Sharad Mahendra has completed his B. E. in mechanical engineering from NIT, Allahabad and brings with him 33 years of rich experience in organizational strategy, driving business growth, execution, sales and marketing. Sharad Mahendra has worked with the JSW group for 15 years.

Mahendra had joined JSW Energy as the chief operating officer (energy business) in 2017 where he led the power sales, mining, corporate commercial, legal, coal procurement, regulatory and corporate affairs functions. In 2019, he was appointed as a whole-time director of the company.

In the past, Mahendra has been on the board of APL Apollo Tubes and has worked with Phillips Carbon Black, JSW Steel, Escorts, Yamaha Motors in various capacities.

JSW Energy is amongst India's leading private sector power producing companies that believes in the efficient utilisation of all available resources.

JSW Energy reported a consolidated net profit of Rs 850 crore in Q2 FY24, which is higher by 83% as compared with a PAT of Rs 466 crore recorded in Q2 FY23. Total revenue increased by 30% YoY to Rs 3,387 crore in the second quarter.

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