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

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?