-3.75 (-0.70%) JSW Energy has been allotted with 35,17,69,546 equity shares of Rs 10 each worth Rs 351.77 crore by Jaiprakash Power Ventures (JPVL). Earlier, the Company had entered into an agreement with JPVL to re-structure the principal outstanding amount of Rs 751.77 crore owed by JPVL to the Company.
JPVL is engaged in the business of thermal and hydro power generation, coal mining and cement grinding.
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.