The company’s consolidated net worth and net debt as on Mar 31, 2024 were Rs 20,832 crore and Rs 26,636 crore respectively.
live bse livense live Volume Todays L/H More ×The board of JSW Energy has approved raising funds upto Rs 10,000 crore in one or more tranches, as the power producer looks to snap up clean energy companies put up on sale in the market amid targets to achieve 20 Gigawatt (GW) capacity by 2030.
Story continues below Advertisement Remove AdAdditionally, JSW Energy has also proposed to seek an enabling approval from the board members at the ensuing Annual General Meeting to raise funds not exceeding Rs 10,000 crore, as and when required.
The company’s consolidated net worth and net debt as on Mar 31, 2024 were Rs 20,832 crore and Rs 26,636 crore, respectively.
This translates into a net debt-to-equity ratio of 1.3.
The company’s consolidated net worth and net debt as on Mar 31, 2024 were Rs 20,832 crore and Rs 26,636 crore respectively.
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The board of JSW Energy has approved raising funds upto Rs 10,000 crore in one or more tranches, as the power producer looks to snap up clean energy companies put up on sale in the market amid targets to achieve 20 Gigawatt (GW) capacity by 2030.
The company plans to conduct this fundraising through various methods such as private offerings, preferential allotments, or a qualified institutions placement, either separately or in combination, as allowed under current laws, it said in a regulatory filing on May 7.
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Additionally, JSW Energy has also proposed to seek an enabling approval from the board members at the ensuing Annual General Meeting to raise funds not exceeding Rs 10,000 crore, as and when required.
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"There is also a lot of inorganic play available in the market and at the time of a right opportunity we don't want to be constrained by the necessary board approval for a capital raise," said Pritesh Vinay, Director (Finance) & chief financial officer.
The company’s consolidated net worth and net debt as on Mar 31, 2024 were Rs 20,832 crore and Rs 26,636 crore, respectively. This translates into a net debt-to-equity ratio of 1.3.
