JSW Energy is planning to raise around $750 million from international bond sale to fund expansion plans as well as to repay some of its existing debt of over Rs 10,050 crore. The company has also set a target of achieving 10,000 mw of installed capacity by 2020, a quarter of which will be contributed by renewable energy sources.
The company has sought shareholders' approval for the fund raising plan and said the proposed $750 million of long-term debt will be raised by selling non-convertible foreign currency denominated bonds or masala bonds.
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.
