JSW Energy plans Rs 5,000-cr QIP this fiscal

Written by Press Trust of India | New Delhi | Updated: Jul 8 2014, 02:49am hrs
Private sector power producer JSW Energy plans to raise Rs 5,000 crore through a qualified institutional placement in 2014-15.

The Sajjan Jindal-promoted company has sought shareholders approval to mop up R5,000 crore through an issue of secured/unsecured redeemable non-convertible debentures on a private placement basis as well as the utilisation of the funds, according to its annual report.

It plans to expand capacity and footprint in the generation space with locations identified in Chhattisgarh, Jharkhand, Vijayanagar, and Ratnagiri in Maharashtra, it said.

The company has an operational capacity of 3,140 mw, of which over 40% is merchant power