JSW Energy Raises Rs 5,000 Crore to Fuel Growth

JSW Energy Limited has secured Rs 5,000 crore by selling shares to investors, including the Abu Dhabi Investment Authority (ADIA), in a move to accelerate its expansion plans. The company successfully completed a Rs 5,000-crore Qualified Institutions Placement (QIP), attracting strong interest from global investors, mutual funds, and insurance companies. This equity raise marks a significant milestone for JSW Energy since its listing in 2010, positioning it as a key player in the Indian power sector. With a focus on energy transition and green initiatives, JSW Energy aims to shape the future of the industry and achieve carbon neutrality by 2050. The company's strategic growth plans include increasing its generation capacity to 20 GW and energy storage capacity to 40 GWh by 2030. Through this capital infusion, JSW Energy is poised to lead the way in India's energy landscape and drive towards sustainable development.