JSW Energy signs 400 MW PPA and clears plan to raise up to Rs 10,000 crore

JSW Energy Limited has reported a set of corporate actions covering new long-term power sales, capital raising and senior management changes. The announcements were made in filings dated 12 December 2025.

JSW Energy Utkal Limited has signed a 25-year Power Purchase Agreement with several distribution companies in Karnataka. The agreement covers 400 MW of supply from 1 April 2026 at a tariff of Rs 5.78 per kilowatt hour. The company said the contract reduces its uncontracted capacity and improves visibility of long-term revenues.

The Board of Directors has cleared two fundraising measures. The first is a preferential issue to the promoter group entity JTPM Metal Traders Limited. This covers 95,23,809 equity shares and 4,76,19,047 warrants for up to Rs 3,000 crore. The second is an enabling resolution to raise up to Rs 10,000 crore through private offerings, qualified institutions placements or other routes, subject to shareholder approval.

The board has appointed Chandrasekaran Prabhakaran as Chief Financial Officer and as a Key Managerial Personnel with effect from 1 January 2026. The appointment follows the resignation of the previous finance director.

A press release issued with the disclosures said the new Power Purchase Agreement raises JSW Energy’s locked-in generation capacity to 30.5 GW. The company said it remains on schedule to reach 30 GW of generation capacity and 40 GWh of storage capacity by the end of FY2030.