JSW Energy has received an approval for Rs 500-crore bond issuance programme. The issue proceeds would be used for business operations, various capex requirements, repayment / prepayment of existing debt and general corporate purposes.
The board of directors had approved the raising of funds through the issuance of bonds/redeemable non-convertible debentures by way of a private placement and the company’s Finance Committee met on September 20, 2017 to decide on all matters relating to that.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
