JSW Energy Limited has approved the allotment of 25,000 Non-Convertible Debentures (NCDs). These are unsecured, listed, rated, taxable, and redeemable, each carrying a face value of ₹1,00,000, thereby amounting to a total issue size of ₹250 crore.
This approval follows the board's earlier nod on 28th January 2025 to raise funds up to ₹3,000 crore through various means, including the issuance of NCDs via private placement.
The debentures will mature in 3 years. The coupon rate is linked to the one-month MCLR of Kotak Mahindra Bank, which currently stands at 8.35%. Interest payments are scheduled on 12th June 2026, 14th June 2027, and on the maturity date. The NCDs will be redeemed at par on their maturity date. These instruments are unsecured and carry no special rights or privileges.
JSW Energy has recently strengthened its renewable energy portfolio by commissioning 281 MW of new capacity, including 215 MW of solar and 66 MW of wind, increasing its total installed capacity to 12,499 MW.
Additionally, the company signed a 25-year Power Purchase Agreement with Adani Electricity Mumbai for a 250 MW wind project in Maharashtra. In another strategic move, JSW Energy completed the sale of its full stake in Beempow Energy Private Limited, receiving ₹302.66 crore, marking a realignment of its subsidiary holdings.
Read more: JSW Energy Revenue and PAT Up 15% in Q4FY25, Declared Dividend!
As of June 13, 2025, at 10:35 AM, JSW Energy share price is trading at ₹510.65 per share, reflecting a decline of 1.19% from the previous day's closing price. Over the past month, the stock has surged by 7.68%. The stock's 52-week high stands at ₹804.90 per share, while its low is ₹418.75 per share.
The successful allotment of NCDs marks a strategic move by JSW Energy to strengthen its financial position and support future growth initiatives.
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Published on: Jun 13, 2025, 12:37 PM IST
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