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JSW Energy Raises Rs.12 Billion via Non-Convertible Debentures
POWER & RENEWABLE ENERGY

JSW Energy Raises Rs.12 Billion via Non-Convertible Debentures

JSW Energy, a leading independent power producer, has successfully raised Rs 12 billion (~$137.70 million) through a private placement of Non-Convertible Debentures (NCDs). The company confirmed the issuance in a recent filing with the Bombay Stock Exchange (BSE).

The allocation comprises 120,000 unsecured, rated, listed, taxable, and redeemable NCDs, each valued at Rs 100,000 (~$1,147). The issuance is divided into two tranches with different tenures and interest rates.

Tranche 1: Rs 6 billion (~$68.85 million) with a three-year tenure, maturing on March 3, 2028, at an 8.75% annual interest rate. Tranche 2: Rs 6 billion (~$68.85 million) with a five-year tenure, maturing on March 4, 2030, at an 8.80% annual interest rate. The NCDs will be listed on the BSE, and interest payments for both tranches are scheduled between 2026 and 2030.

JSW Energy's Financial Position and Growth Plans This fundraising follows the company’s earlier approval to raise up to Rs 30 billion ($344.45 million) via NCDs. In August 2023, JSW Energy secured Rs 50 billion ($600 million) through a qualified institutions placement (QIP) of shares.

In the third quarter of FY 2025, JSW Energy reported a net profit of Rs 1.68 billion ($19.42 million), marking a 27% decline from the Rs 2.31 billion ($26.70 million) posted in the same period last year. The drop was attributed to lower revenues from thermal and hydropower projects.

Despite this, JSW Energy continues to expand its renewable energy portfolio. In December, its subsidiary, JSW Neo Energy, signed a Rs 124.68 billion (~$1.46 billion) agreement to acquire a 4,696 MW renewable energy platform from O2 Power. Of this, 2.3 GW is expected to be operational by June 2025, with the remaining 2.4 GW by June 2027.

Expanding Renewable Capacity JSW Energy’s total installed capacity now stands at 8,117 MW, including:

Wind: 2,543 MW Solar: 675 MW Thermal: 3,508 MW Hydro: 1,391 MW The company has a locked-in generation capacity of 28,308 MW, with 6,717 MW in the pipeline—comprising 26% thermal and hybrid, 22% solar, 20% wind, and 6% hydro. Additionally, its energy storage capacity stands at 16.3 GWh, including 14.4 GWh of pumped hydro storage and 1.9 GWh of battery storage.

With continued investment in renewable energy and strategic acquisitions, JSW Energy remains focused on expanding its clean energy footprint while strengthening its financial position through structured debt issuances.

JSW Energy, a leading independent power producer, has successfully raised Rs 12 billion (~$137.70 million) through a private placement of Non-Convertible Debentures (NCDs). The company confirmed the issuance in a recent filing with the Bombay Stock Exchange (BSE). The allocation comprises 120,000 unsecured, rated, listed, taxable, and redeemable NCDs, each valued at Rs 100,000 (~$1,147). The issuance is divided into two tranches with different tenures and interest rates. Tranche 1: Rs 6 billion (~$68.85 million) with a three-year tenure, maturing on March 3, 2028, at an 8.75% annual interest rate. Tranche 2: Rs 6 billion (~$68.85 million) with a five-year tenure, maturing on March 4, 2030, at an 8.80% annual interest rate. The NCDs will be listed on the BSE, and interest payments for both tranches are scheduled between 2026 and 2030. JSW Energy's Financial Position and Growth Plans This fundraising follows the company’s earlier approval to raise up to Rs 30 billion ($344.45 million) via NCDs. In August 2023, JSW Energy secured Rs 50 billion ($600 million) through a qualified institutions placement (QIP) of shares. In the third quarter of FY 2025, JSW Energy reported a net profit of Rs 1.68 billion ($19.42 million), marking a 27% decline from the Rs 2.31 billion ($26.70 million) posted in the same period last year. The drop was attributed to lower revenues from thermal and hydropower projects. Despite this, JSW Energy continues to expand its renewable energy portfolio. In December, its subsidiary, JSW Neo Energy, signed a Rs 124.68 billion (~$1.46 billion) agreement to acquire a 4,696 MW renewable energy platform from O2 Power. Of this, 2.3 GW is expected to be operational by June 2025, with the remaining 2.4 GW by June 2027. Expanding Renewable Capacity JSW Energy’s total installed capacity now stands at 8,117 MW, including: Wind: 2,543 MW Solar: 675 MW Thermal: 3,508 MW Hydro: 1,391 MW The company has a locked-in generation capacity of 28,308 MW, with 6,717 MW in the pipeline—comprising 26% thermal and hybrid, 22% solar, 20% wind, and 6% hydro. Additionally, its energy storage capacity stands at 16.3 GWh, including 14.4 GWh of pumped hydro storage and 1.9 GWh of battery storage. With continued investment in renewable energy and strategic acquisitions, JSW Energy remains focused on expanding its clean energy footprint while strengthening its financial position through structured debt issuances.

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