India's energy sector has grown rapidly in the last few decades. However, considering the demand growth, the supply remains inadequate, resulting in peak shortages. The country’s energy deficit is alarmingly high, which is expected to impact its economic efficiency significantly. To cater to India’s stupendous energy demand, JPL has drawn up aggressive plans to expeditiously add generation capacity and contribute towards achieving the Government of India’s vision of providing affordable energy to all sections of the Indian society. The organisation’s planned expansions demonstrate its commitment to reinforce its footprint in the country’s promising energy sector.
With growing global concern over depletion of fossil fuel and rising carbon emissions, the need for renewable energy is paramount. JPL’s hydroelectric power projects represent our resolve to enhance our presence in the green energy segment. The future lies in developing green energy and JPL is focused on making green energy production an overriding corporate priority. Our performance in 2010-11 was modest as compared to last year, although we retained our profitability: our total income declined 12.10% owing to lower realisations. The profit before tax stood at Rs. 2,496.22 crore in 2010-11 against Rs. 2,809.68 crore in 2009-10. The profit after tax declined 13.67% to Rs. 2,001.60 crore in 2010-11 from Rs. 2,318.76 crore in 2009-10. We also declared an interim dividend of 9% (Re. 0.90) per share.
JPL’s social initiatives are part of our focused approach to help drive inclusive growth in India. Our social endeavour (O.P. Jindal Samaj Kalyan Samiti) focuses on enhancing living conditions of the underprivileged and makes a positive difference in their lives. The Samiti works with marginalised communities to unlock the regional potential, develop resources, support locals in developing professional skills and enhancing the quality of life in adopted villages through better education, healthcare, infrastructure and civic amenities.