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.

Next Story
Infrastructure Transport

BLW Exports 2 Diesel Locos to Mozambique

In a boost to India’s rail exports and domestic manufacturing, Banaras Locomotive Works (BLW) has successfully delivered two of ten planned 3 300 horsepower AC AC diesel-electric locomotives to Mozambique.The contract, awarded by Mozambique Railways (CFM) to public sector undertaking RITES, entails the manufacture and supply of ten Cape Gauge (1 067 mm) locomotives by December 2025. The first two units were shipped in June.“These state-of-the-art diesel locomotives, capable of 100 km/h, have been manufactured at BLW under the global contract awarded to RITES,” a senior railway ..

Next Story
Infrastructure Urban

Lucknow Declared State’s First Zero Dump City

Lucknow has become Uttar Pradesh’s first officially certified “Zero Dump City” after all three processing lines at the Shivri solid waste treatment plant achieved full operation. The facility now handles the city’s entire daily load of roughly 2 100 metric tonnes, and has already removed two thirds of the vast legacy mound that once blighted the site.Shivri began life in 2012 but stalled under two successive contractors, allowing a waste mountain to accumulate. A Chinese operator appointed in 2017 also failed to deliver, incurring penalties of about Rs 400 million.Renewed m..

Next Story
Infrastructure Transport

Heavy Rains Delay Opening of Kusmalli Bridge

The long awaited opening of Kusmalli Bridge on the Belagavi–Goa Road via Chorla has been pushed back by several days because backfilling on the Jamboti side remains unfinished. Continuous downpours across the Jamboti–Kankumbi stretch have made it impossible to place the granular sub base (GSB) material required to complete the approach ramp.National Highways Executive Engineer Rajendra and a team of officials inspected the site on Wednesday. He confirmed that the bridge structure itself is finished, but the protective walls and ramp backfill still need attention. “If the rain eases, we..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?