Shares of JSW Energy Ltd rose by 2% to touch a day’s high of Rs 564 on 24th January after the company announced that its Board of Directors is scheduled to meet on Tuesday, 28th January 2025, to consider and approve raising long-term funds through the issuance of Non-convertible Debentures (NCDs) on a private placement basis.

NCDs are fixed-income securities that companies use to raise capital, offering fixed-interest returns without converting into equity shares.

The board of JSW Energy will also review and approve the unaudited Standalone and Consolidated financial results for the quarter and nine months ending 31st December 2024 on 28th January.

JSW Energy has a presence across several states in India and holds stakes in natural resource companies in South Africa, continuing to expand its footprint and contribute to India’s energy and infrastructure development.

Currently, the company’s market capitalisation stands at around Rs 96,319 crore.

At 1:02 PM, the shares of JSW Energy were trading 0.42% lower at Rs 549.80 on NSE.

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