JSW Energy plans a Rs 5,000 crore QIP to raise funds for growth in India's power sector.
JSW Energy plans to raise Rs 5,000 crore through a Qualified Institutional Placement (QIP) by selling shares to high net worth investors in one or more tranches. The QIP, which is subject to regulatory approvals, aims to strengthen the company's position and drive growth in India's dynamic power sector. JSW Energy reported a 24.36% year-on-year growth in its consolidated net profit for the third quarter of FY24, driven by strong performances in its thermal portfolio and merchant sales. The company's revenue grew by 13.3% year over year, reaching Rs 2,661.41 crore.
April 02, 2024
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