JSW Energy to Raise ₹800 Crore via Private Placement of NCDs

JSW Energy Ltd successfully raised ₹800 crore through the private placement of non-convertible debentures (NCDs). The issuance is part of the company’s broader plan to secure up to ₹3,000 crore, as approved by its board in January 2025.

Details of the NCD Issuance

On March 20, 2025, JSW Energy’s Finance Committee approved the allotment of 80,000 unsecured, rated, listed, taxable, and redeemable NCDs, each with a face value of ₹1,00,000. The issuance was structured in two tranches:

• Tranche 1: ₹400 crore, including a green shoe option of ₹100 crore, with a three-year tenure maturing on March 20, 2028, at an 8.75% coupon rate.
• Tranche 2: ₹400 crore, with a five-year tenure maturing on March 20, 2030, at an 8.80% coupon rate.

Listing and Payment Schedule

The debentures will be listed on BSE Limited. Interest payments will be made annually, with the first payment scheduled for March 20, 2026. Principal repayment will occur at the end of each tranche’s tenure.

JSW Energy Share Performance 

As of March 21, 2025, at 12:30 PM, JSW Energy’s share price is trading at ₹559.55 per share, reflecting a decline of 0.6% from the previous day’s closing price. Over the past month, the stock has surged by 12.68%.

Conclusion

JSW Energy’s successful NCD issuance strengthens its financial position as part of its ₹3,000 crore fundraising plan. The structured tranches offer varying tenures and competitive coupon rates, ensuring flexibility in capital management.

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