JSW Energy Appoints Prashant Jain As CEO, Joint MD

Indian power generation company JSW Energy has appointed Prashant Jain as joint managing director and chief executive officer on Tuesday (13 June). Jain will be replacing Sanjay Sagar who demanded an early relief from his responsibilities and will be officially vacating his position on 15 June. Jain will take over Sagar’s position on 16 June.

Jain has an experience of more than two decades as a mechanical engineer in areas like plant maintenance, project management, corporate strategy & development, policy advocacy and cross-border operations. Jain will frame and also supervise the implementation of the strategy for the energy major.

“I am pleased that Prashant Jain has been appointed as the joint managing director and chief executive officer of JSW Energy. He brings with him vast experience across different functional areas which he can apply in this new role with fresh perspective and vision. The entire leadership team looks forward to working with Prashant and wishes him the very best in his new role,” JSW group chairman Sajjan Jindal said in an official statement released by the company.

Prior to this, Jain was involved with preparing the corporate strategy, forging joint ventures, marketing, and advertising, overseeing corporate affairs, information technology and investor relations for the multi-business group.

He has driven the strategic collaboration of JSW with Japan Future Enterprise (JFE), scaling over $1 billion investment in JSW Steel. It also helped the steel company’s acquisition of Ispat Industries (now JSW Steel Dolvi Unit).