JSW Energy Secures Rs 12 Bn Through Non-Convertible Debentures

06 Mar 2025 CW Team

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

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..