JSW Energy allots debentures, expands capacity, gains approval

JSW Energy (BSE: JSWENERGY) has allotted 1,20,000 unsecured, rated, listed, taxable, redeemable non-convertible debentures (NCDs) totaling ₹1200 crore, bearing a face value of ₹1,00,000 each. The NCDs have a tenure of either three or five years, with coupon rates of 8.75% and 8.80% respectively. Listing is confirmed on the BSE. Simultaneously, JSW Energy announced it has added 159 MW of greenfield wind power capacity, bringing its total operational capacity to 8,400 MW, while also securing approval from the Competition Commission of India for the acquisition of KSK Mahanadi Power Company Limited. This acquisition, pursuant to a resolution plan approved by the National Company Law Tribunal, Hyderabad, underscores JSW Energy's commitment to expanding its renewable energy portfolio, targeting a total installed generation capacity of 20 GW before FY2030.