JSW Energy is planning to raise Rs 5,000 crore through qualified institutional placement (QIP) in 2014-15. The Sajjan Jindal-promoted company has sought an approval of its share-holders for mopping up Rs 5,000 crore through an issue of secured/unsecured redeemable non-convertible debentures on a private placement basis, as well as the utilisation of the funds.
The company is planning to expand the capacity and foot print in the generation space with locations identified in Chhattisgarh, Jharkhand, Vijayanagar, and Ratnagiri in Maharashtra.
The company has an operational capacity of 3,140 mw out of which over 40% is merchant power and is expected to augment its capacity by another 8,360 mw when these four proposed plants are commissioned over the next few years.
JSW Energy, which is engaged in varied businesses including generation, transmission, trading of electricity, besides manufacturing power plant equipment through a JV with Toshiba, is also exploring opportunities in the power distribution sector.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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