JSW Energy Limited

rs,

from time to time by or on behalf of the Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking stat

8.2%

e - FY2025 Total Installed Capacity (GW) Other RE, 17 Wind, 50 Power Demand (BUs) and % Growth 8.2% 9.7% Solar, 106 475 GW Thermal, 247 Hydro, 48 Nuclear, 8 -1.2% 1,276 1,380 1,513 1,6

9.7%

2025 Total Installed Capacity (GW) Other RE, 17 Wind, 50 Power Demand (BUs) and % Growth 8.2% 9.7% Solar, 106 475 GW Thermal, 247 Hydro, 48 Nuclear, 8 -1.2% 1,276 1,380 1,513 1,626 1

475 GW

led Capacity (GW) Other RE, 17 Wind, 50 Power Demand (BUs) and % Growth 8.2% 9.7% Solar, 106 475 GW Thermal, 247 Hydro, 48 Nuclear, 8 -1.2% 1,276 1,380 1,513 1,626 1,694 FY 2021 FY 2

1.2%

r Demand (BUs) and % Growth 8.2% 9.7% Solar, 106 475 GW Thermal, 247 Hydro, 48 Nuclear, 8 -1.2% 1,276 1,380 1,513 1,626 1,694 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Power Demand

7.4%

513 1,626 1,694 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Power Demand (BUs) % YoY [RHS] 7.4% 4.2% FY2025 • • • • • Power Demand up 4.2% Capacity Addition 33.2 GW RE Capacity addition

4.2%

1,626 1,694 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Power Demand (BUs) % YoY [RHS] 7.4% 4.2% FY2025 • • • • • Power Demand up 4.2% Capacity Addition 33.2 GW RE Capacity addition 28.7

33.2 GW

mand (BUs) % YoY [RHS] 7.4% 4.2% FY2025 • • • • • Power Demand up 4.2% Capacity Addition 33.2 GW RE Capacity addition 28.7 GW Average Merchant Tariff ₹4.47/unit Peak Demand 250 GW in May-24 To

28.7 GW

4.2% FY2025 • • • • • Power Demand up 4.2% Capacity Addition 33.2 GW RE Capacity addition 28.7 GW Average Merchant Tariff ₹4.47/unit Peak Demand 250 GW in May-24 Total RE Capacity additions (GW)

₹4.47

er Demand up 4.2% Capacity Addition 33.2 GW RE Capacity addition 28.7 GW Average Merchant Tariff ₹4.47/unit Peak Demand 250 GW in May-24 Total RE Capacity additions (GW) Monthly Average Merchant Tari

250 GW

ity Addition 33.2 GW RE Capacity addition 28.7 GW Average Merchant Tariff ₹4.47/unit Peak Demand 250 GW in May-24 Total RE Capacity additions (GW) Monthly Average Merchant Tariff Trend (₹/unit) Total

0.8%

c e D n a J b e F r a M FY 2025 FY 2024 FY 2023 4 India – Power Sector Landscape - Q4 FY25 0.8% 8 0 4 Q1 Power Demand (BUs) and % Growth 7.2% 10.9% 12.4% 9.9% 0.1% 2.6% 3.2% 9% 10% 2% M

“For FY25 Demand increase by 4.2% YoY to 1,694 BUs • Demand in West (140 BUs) increased by 4.4% YoY, followed by East (44.3 BUs) where demand increased by 3.9% and demand in South increased by 3.1% to (116 BUs) • Peak demand of 238 GW was witnessed during Q4 FY25 in Feb’25.”

“FY25 witnessed a peak demand of 250 GW 4 year range FY 2025 FY 2024 FY 2023 FY 2024 FY 2025 Q4 FY2024 Q4 FY2025 JSW Energy Q4 FY25 Results Presentation Source: Central Electricity Authority (CEA) 43 Overall Generation Increased by 5.0% YoY in FY25 Power Generation in BUs Power Generation Growth (% YoY) 175 155 135 115 95 30% 20% 10% 0% -10% • Overall generation during Q4 FY25 at 446 BUs increased by 3.8% YoY.”

“Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar • Share of thermal in overall generation Q1 FY 2025 Q2 Q3 FY 2024 Q4 FY 2023 Q1 Q2 FY 2025 Q3 FY 2024 Q4 Power Generation by Source in BU 1,739 13% 8% 1,826 14% 8% 76% 75% 430 12% 4% 80% 446 14% 5% 78% Others Renewables Hydro Thermal India decreased to 78% in Q4 FY25 vs 80% in Q4 FY24 with net generation of 347 Bus resulting in PLFs of 71.9% in Q4 FY25.”

“• Generation from large hydro up by 20% YoY in Q4 FY25 and up by 11% for FY25; generation from renewables up by 16% YoY in Q4 FY25 and up by 11% for FY25.”

Investor Relations Contact

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Investor Relations Contact

ir.jswenergy@jsw.in ESG Data Profile: Link JSW Energy, Barmer and Vijayanagar Solar 40 Business Environment JSW Hydro - Sholtu Indian Economy Real GDP Growth (%) 22.6 9.9 13.5 5.5 4.5 6.0 4.8 6.9 9.7 9.3 9.5 8.4 6.5 5.6 6.2 1.8 3.3 -5.8 0 2 - p e S 0 2 - c e D 1 2 - r a M 1 2 - n u J 1 2 - p e S 1 2 - c e D 2 2 - r a M 2 2 - n u J 2 2 - p e S 2 2 - c e D 3 2 - r a M 3 2 - n u J 3 2 - p e S 3 2 - c e D 4 2 - r a M 4 2 - n u J 4 2 - p e S 4 2 - c e D GST Collection (₹ Lakh Cr) PMI – Manufacturing & Services 2.2 2.0 1.8 1.6 1.4 1.2 1.0 0.8 1 2 - p e S 1 2 - c e D 2 2 - r a M 2 2 - n u J 2 2 - p e S 2 2 - c e D 3 2 - r a M 3 2 - n u J 3 2 - p e S 3 2 - c e D 4 2 - r a M 4 2 - n u J 4 2 - p e S 4 2 - c e D 5 2 - r a M 65 60 55 50 45 PMI Manufacturing PMI Service 2 2 - c e D 3 2 - r a M 3 2 - n u J 3 2 - p e S 3 2 - c e D 4 2 - r a M 4 2 - n u J 4 2 - p e S 4 2 - c e D 5 2 - r a M • India continues to see resilient growth amid global headwinds o o Real GDP growth for quarter Dec-24 stood at