JSW Energy seeks to emerge with its IPO in the following 2 months to increase nearly Rs.3, 000crore for somewhat financing its growth plans. The company aims to bed in a competence of 11,000 Megawatt in the following 5 years that would involve an investment of nearly Rs.55, 000crore.
At present, JSW Energy is establishing a 3,200 Megawatt super grave thermal power plant involving an investment of Rs.15, 000crore at Ratnagiri (Maharashtra).
The company had previously withdrawn its strategy to appear with an IPO quoting feeble market situation in the midst of the international economic meltdown. With better market conditions, NHPC and Adani Power were the first 2 units to give form to their IPO strategies. Although, Adani Power got scheduled on Thursday at Rs.105 on the BSE, a payment of 5% over its issue cost, NHPC is likely to get listed shortly.