"The company has, on January 1, 2018, incorporated a wholly owned subsidiary JSW Solar Ltd to, inter alia, pursue business opportunities in the renewable energy space, energy storage systems, micro grids, etc," JSW Energy said in BSE filing today.
The company's board in August last year had approved the proposal of entering into electric vehicles, energy storage systems and associated business, directly or through one or more subsidiaries.
The company had said that the expected capex to be incurred on these businesses over the next three years would be in the range of Rs 3,500 to Rs 4,000 crore.