JSW Energy to raise Rs 100 billion for expansion
POWER & RENEWABLE ENERGY

JSW Energy to raise Rs 100 billion for expansion

The board of JSW Energy has sanctioned the raising of funds up to Rs 100 billion in one or more installments. This decision stems from the power producer's pursuit of acquiring clean energy companies available for sale in the market, aligning with its goal to achieve a capacity of 20 Gigawatts (GW) by 2030.

As per a regulatory filing on May 7, the company stated its intention to carry out this fundraising through various means like private offerings, preferential allotments, or qualified institutions placements, either individually or in combination, in accordance with prevailing laws.

Furthermore, JSW Energy has proposed to obtain enabling approval from the board members during the upcoming Annual General Meeting to raise funds not exceeding Rs 100 billion as and when the need arises.

Pritesh Vinay, Director (Finance) & Chief Financial Officer, remarked, "There is also a lot of inorganic play available in the market, and at the time of a right opportunity, we don't want to be constrained by the necessary board approval for a capital raise."

As of March 31, 2024, the company's consolidated net worth and net debt stood at Rs 208.32 billion and Rs 266.36 billion, respectively, resulting in a net debt-to-equity ratio of 1.3.

The board of JSW Energy has sanctioned the raising of funds up to Rs 100 billion in one or more installments. This decision stems from the power producer's pursuit of acquiring clean energy companies available for sale in the market, aligning with its goal to achieve a capacity of 20 Gigawatts (GW) by 2030. As per a regulatory filing on May 7, the company stated its intention to carry out this fundraising through various means like private offerings, preferential allotments, or qualified institutions placements, either individually or in combination, in accordance with prevailing laws. Furthermore, JSW Energy has proposed to obtain enabling approval from the board members during the upcoming Annual General Meeting to raise funds not exceeding Rs 100 billion as and when the need arises. Pritesh Vinay, Director (Finance) & Chief Financial Officer, remarked, There is also a lot of inorganic play available in the market, and at the time of a right opportunity, we don't want to be constrained by the necessary board approval for a capital raise. As of March 31, 2024, the company's consolidated net worth and net debt stood at Rs 208.32 billion and Rs 266.36 billion, respectively, resulting in a net debt-to-equity ratio of 1.3.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?