Electric Utilities company JSW Energy Limited announced the resignation of Prashant Jain as Joint Managing Director and Chief Executive Officer of the company, with effect from January 31, 2024. According to the company’s exchange filing, “we hereby inform you that Mr. Prashant Jain has expressed his intention to take early retirement from active professional life…
JSW Energy Limited has completed the acquisition of Ind-Barath Energy (Utkal) Limited (Ind-Barath) pursuant to the Resolution Plan (RP) submitted under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016 and approved by the Committee of Creditors (CoC) and National Company Law Tribunal. The RP has now been implemented, consequently Ind-Barath has…
JSW Neo Energy (JSW Neo), a wholly owned subsidiary of JSW Energy has agreed to acquire a portfolio of 1,753 MW of Renewable Energy generation capacity from Mytrah Energy (India) Private Limited comprising of 17 SPVs and 1 Ancillary SPV. Necessary definitive agreements have been signed between the parties. The transaction is subject to approval…
JSW Energy Limited, a division of JSW Group in India, announced it has appointed Rajeev Sharma as an Additional and Independent Director of the company, and Pritesh Vinay as an Additional and Whole-time Director designated as Director (Finance), effective March 24, 2022. According to the company’s exchange filing, “we hereby inform you that the Board…
JSW Hydro Energy, an arm of JSW Energy, has raised USD 707 million (about Rs 5,200 crore) from an international green bond issue that was oversubscribed by over four times, according to PTI report. JSW Hydro Energy successfully raised USD 707 million in a green bond sale to international investors, as per merchant bankers. The…
JSW Group, one of India’s largest business conglomerates led by Sajjan Jindal has hired Rakesh Srivastava, the former director for sales and marketing at Hyundai Motor India, as the firm is trying to enter into the electric vehicles industry. Though there is no official confirmation from both sides, a senior executive at JSW Energy confirmed the move…