JSW Energy Secures Rs 12 Bn Through Non-Convertible Debentures
POWER & RENEWABLE ENERGY

JSW Energy Secures Rs 12 Bn Through Non-Convertible Debentures

JSW Energy has successfully raised Rs 12 billion through the issuance of non-convertible debentures (NCDs) on a private placement basis. This follows an earlier decision by the company's board on January 28, 2025, to raise up to Rs 30 billion through the issuance of rated and listed NCDs. The board had also authorised the Finance Committee to oversee all aspects related to the proposed issuance.

In line with this approval, the Finance Committee met on March 4, 2025, and sanctioned the allotment of 1,20,000 unsecured, rated, listed, taxable, and redeemable NCDs, each valued at Rs 1 lakh, resulting in a total fundraising of Rs 12 billion. The issuance of these NCDs was completed on the same day.

This development is part of JSW Energy’s broader financial strategy to strengthen its capital base and support business growth. Non-convertible debentures serve as a key instrument for raising long-term funds, offering investors fixed returns while enabling the company to secure capital without diluting equity. The proceeds from this issuance are expected to be utilised for various operational and strategic initiatives.

With this issuance, JSW Energy continues to reinforce its financial position while aligning with its long-term objectives. The company's approach to fundraising through debt instruments reflects its commitment to prudent financial management and sustainable growth.

News source: NDTV Profit

JSW Energy has successfully raised Rs 12 billion through the issuance of non-convertible debentures (NCDs) on a private placement basis. This follows an earlier decision by the company's board on January 28, 2025, to raise up to Rs 30 billion through the issuance of rated and listed NCDs. The board had also authorised the Finance Committee to oversee all aspects related to the proposed issuance. In line with this approval, the Finance Committee met on March 4, 2025, and sanctioned the allotment of 1,20,000 unsecured, rated, listed, taxable, and redeemable NCDs, each valued at Rs 1 lakh, resulting in a total fundraising of Rs 12 billion. The issuance of these NCDs was completed on the same day. This development is part of JSW Energy’s broader financial strategy to strengthen its capital base and support business growth. Non-convertible debentures serve as a key instrument for raising long-term funds, offering investors fixed returns while enabling the company to secure capital without diluting equity. The proceeds from this issuance are expected to be utilised for various operational and strategic initiatives. With this issuance, JSW Energy continues to reinforce its financial position while aligning with its long-term objectives. The company's approach to fundraising through debt instruments reflects its commitment to prudent financial management and sustainable growth. News source: NDTV Profit

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?