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

06 Mar 2025 CW Team

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.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Infrastructure Energy

07 Apr 2026

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..