JSW Energy Limited has completed its Rs 40 billion equity through a qualified institutional placement (QIP). The company allotted 76.19 million equity shares with a face value of Rs. 10 each at an issue price of Rs 525 per share, including a premium of Rs 515 per share.

The issue received strong interest from institutional investors. Investors included SBI Mutual Fund, GQG, BlackRock, and leading insurance companies. Furthermore, the funds raised through the QIP, along with proceeds from the recent promoter allotment and monetisation of JSW Steel shares, will strengthen its balance sheet.

Earlier this month, JSW Steel Limited, Bharatia, and Carbon Iceland International signed an MoU to jointly explore the development of a large-scale green methanol (eMethanol) project in India.