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JSW Energy has raised INR 250 crore through the private placement of non-convertible debentures, with 25,000 NCDs allotted at a face value of INR 1,00,000 each. The company's board had earlier approved raising up to INR 3,000 crore through such instruments. This step supports JSW Energy's operational and expansion plans, reflecting its strategic focus on debt markets to meet capital needs efficiently. Over the years, private placement of listed and rated NCDs has become a key tool for energy firms in India to raise funds while maintaining financial flexibility.
JSW Energy recently announced that it has successfully raised INR 250 crore by issuing non-convertible debentures (NCDs) through a private placement. The Finance Committee, during its meeting earlier this week, allotted 25,000 unsecured, listed, rated, taxable, redeemable NCDs with a face value of INR 1,00,000 each, totaling the raised amount. Advertisement
The move aligns with the company's broader funding plan approved by its board earlier this year, which allowed raising up to INR 3,000 crore through various instruments, including rated and listed NCDs issued privately. This funding is aimed at supporting JSW Energy's ongoing expansion and operational initiatives. The issuance of these NCDs reflects the company's continued focus on tapping debt markets to meet its capital requirements efficiently.
This is part of JSW Energy's strategic approach over the past years to diversify funding sources and strengthen its financial position. Private placement of rated and listed NCDs has become a preferred route for many energy companies in India seeking structured debt instruments without diluting equity.
Source PTI
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