JSW Energy plans recast, to separate renewables business

With a Rs 70,0000-crore expansion plan in renewable energy under way, Sajjan Jindal-led JSW Energy has initiated a plan to separate its green and grey (thermal) businesses, in order to attract capital and strategic investors into the fast-growing renewables segment.

Prashant Jain, managing director of JSW Energy told FE that with the board’s in-principle approval to evaluate various restructuring options, the company would appoint advisors and valuers for the businesses soon.