Sajjan Jindal-led JSW Energy plans to raise around $750 million from international bond sale to fund expansion plans as well as to repay some of its existing debt of over ₹10,050 crore.
The company has also set a target of achieving 10,000 MW of installed capacity by 2020, a quarter of which will be contributed by renewable energy sources.
JSW Energy has sought shareholders’ approval for the fund raising plan and said the proposed $750 million of long-term debt will be raised by selling non-convertible foreign currency denominated bonds or masala bonds, the company said in the annual report.
Chairman Sajjan Jindal in his address to the shareholders said as a growth-focused company, it has a strategic vision to build a portfolio of 10,000 MW through both organic and inorganic means.
