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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Armed with a war chest, the energy business of the JSW Group plans to duke it out, but in a way that’s uncharacteristic of India’s renewables sector.
JSW Energy is having quite a year as the company becomes a major player in India’s renewable energy landscape.
In April, it raised Rs 5,000 crore from a bunch of institutional investors, including global asset managers like GQG Partners, BlackRock, Nomura and UBS. It was the first ever equity fundraise by the company since listing in early 2010. The qualified institutional placement was also the largest primary equity issue in India’s power sector in the last decade and drew high investor interest—getting subscribed 3.2 times.
JSW Energy also won bids for 3.4 gigawatt of renewable energy projects in the 2023-24 …
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
Rapid asset purchases are driving generation growth, but rising debt and weaker cash flows are testing investor confidence.
The solar module maker’s investors want proof of its durability in the face of a leadership change and a costly push into energy storage.
