+
JSW Energy Board approves Rs 50 bn QIP raise
POWER & RENEWABLE ENERGY

JSW Energy Board approves Rs 50 bn QIP raise

The approval for raising Rs 50 billion through the issuance of equity on a qualified institutional placement basis was given by the JSW Energy board led by Sajjan Jindal. The Finance Committee of the board has been authorised to make all necessary decisions in this matter.

It was mentioned that in its meeting, the JSW Energy board sanctioned a Qualified Institutions Placement of equity shares having a face value of Rs 10 each to eligible investors for a total amount not exceeding Rs 50 billion in one or more tranches, subject to the necessary regulatory/statutory approvals.

The approval for raising Rs 50 billion through the issuance of equity on a qualified institutional placement basis was given by the JSW Energy board led by Sajjan Jindal. The Finance Committee of the board has been authorised to make all necessary decisions in this matter. It was mentioned that in its meeting, the JSW Energy board sanctioned a Qualified Institutions Placement of equity shares having a face value of Rs 10 each to eligible investors for a total amount not exceeding Rs 50 billion in one or more tranches, subject to the necessary regulatory/statutory approvals.

Related Stories

Gold Stories

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Next Story
Infrastructure Transport

UP Cabinet Approves Renaming Jewar Airport After PM Modi

The Uttar Pradesh Cabinet has approved a proposal to rename Noida International Airport at Jewar as Narendra Modi International Airport, Noida-Jewar. Chief Minister Yogi Adityanath announced the decision after a Cabinet meeting, saying the airport represented a major contribution to the state and would become Uttar Pradesh’s largest airport and a significant aviation hub. The greenfield airport’s foundation stone was laid by Prime Minister Narendra Modi on November 25, 2021. He inaugurated Phase 1 on March 28, 2026, and commercial flights began on June 15. The facility is being developed a..

Next Story
Infrastructure Energy

Rolls-Royce Seeks Deeper Strategic Role in India

Rolls-Royce has described India as central to its long-term ambitions and said it wants to deepen its role as a strategic partner supporting the country’s energy security, infrastructure growth, national security and connectivity. The British aero-engine maker said its future expansion would build on decades of operations, industrial partnerships, engineering capabilities and a growing manufacturing and supply-chain ecosystem. The company held a board meeting in India for the first time this week. During a three-day visit, Rolls-Royce chief executive Tufan Erginbilgic met Prime Minister Nare..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code