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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..