JSW Energy posted a total income of Rs 2,018.16 crore in Q4 of the financial year 2018-19, up from Rs 1,879.01 crore a year ago. Total income for the entire fiscal year stood at Rs 9,505.56 crore against Rs 8,513.98 crore in 2017-18.
The company's board met on Thursday and recommended a dividend of Re 1 per equity share of Rs 10 each for the FY 2018-19. It also decided that the company will not pursue the electric vehicle business because of the higher than anticipated uncertainties associated with it. The board said that JSW Energy will instead maintain capital cushion for growth opportunities in power and other related businesses.
The board gave a nod to the appointment of Sharad Mahendra as an additional, whole-time director of the company for five years, subject to approval from shareholders. It was also decided that the 25th annual general meeting of the members of the company will be held on August 13.