Business News Today: Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

JSW Energy to invest Rs 15,000 crore on organic growth, eyes acquisitions: CEO Sharad Mahendra


JSW Energy reported a 24% year-on-year rise in its net profit in the fourth quarter of FY24 even as revenue increased by 3%. On May 8th, when the company announced its result, it signaled that it is firing on all cylinders. The company reported its highest ever EBIDTA in FY24, it raised Rs 5,000 crore through qualified institutional placement of shares and has now also got a board approval to raise another Rs 10,000 crore. Joint Managing Director and Chief Executive Officer Sharad Mahendra spoke to Moneycontrol on the company’s plans for capex in FY25, acquisitions and foray into wind turbine and battery manufacturing.