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JSW Energy Fuels Growth: ₹13,000 Cr Raise for Expansion
12 Dec
Summary
- JSW Energy plans ₹13,000 crore fundraise for expansion and debt.
- Company added 5.5 GW capacity, including 3.3 GW renewables.
- JSW Energy aims for 30 GW capacity by 2030 with substantial capex.
JSW Energy is embarking on a substantial fundraising initiative, planning to secure ₹13,000 crore. This capital will be raised through a combination of qualified institutional placement and direct contributions from its promoters. The funds are earmarked for significant capital expansion projects and to manage existing debt, positioning the company for future growth.
The company has demonstrated a strong growth trajectory over the past year, adding 5.5 GW of capacity. This expansion includes 3.3 GW of renewable energy and 1.8 GW of thermal power. Notably, JSW Energy commissioned India's largest green hydrogen plant, further diversifying its clean energy portfolio.
With a forward-looking vision, JSW Energy has outlined an impressive target of achieving 30 GW capacity by 2030. This ambitious goal is supported by a guided capital expenditure of ₹1.30 lakh crore, signaling a major push towards scaling its operations and leading the energy transition.
