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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..