JSW Energy Rs 5000 cr fundraising plan

JSW Energy has announced plans to raise Rs 5,000 crore through a qualified institutional placement or QIP route. Owned by billionaire Sajjan Jindal, it is a power company engaged in power generation, transmission and trading.

“In this case, the company is getting the cash. The entire energy business in India, especially power generation and energy transition business, I think is in a high growth phase. Energy business requires a lot of front end commitment and a lot of capital commitment. My sense is that this is a clear endorsement by JSW Energy…,” he said.
So I think what they are doing is they are simply charging up and ensuring that the power business scales up,” he said while noting that the port business has already scaled up.