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JSW Energy's board on Friday approved the proposal of raising up to Rs 10,000 crore in one or more tranches, through issuance of securities on private offerings, qualified institutions placements, or any other method or combination thereof. The board in its meeting on Friday also approved the proposal of issuance of 95,23,809 equity shares, on a preferential issue basis, to JTPM Metal Traders Ltd, a member of the Promoter Group (JTPM) at an issue price of Rs 525 per equity share, including a premium of Rs 515 per equity share, a regulatory filing said. According to the filing, the board has also approved issuance of 4,76,19,047 warrants, on a preferential issue basis, to JTPM, with each warrant carrying a right exercisable by the warrant allottee to subscribe to one equity share per warrant, for cash consideration, at a price of Rs 525 per warrant (including a premium of Rs 515 per warrant). The board approved "the raising of funds of up to Rs 10,000 crore in one or more tranches, .
Maharashtra has not received central funds for the Jal Jeevan Mission' scheme since October 2024 and is using state funds to complete the ongoing projects, the government said on Friday. In a written reply to a question, the government also said that the lack of funds has hampered the pace of existing projects. The Jal Jeevan Mission (JJM) aims to provide functional tap water connections to every rural household in India, ensuring safe and adequate drinking water to citizens. In the reply submitted to the legislative council, Water Supply and Sanitation Department Minister Gulabrao Patil said that 51,560 schemes have been sanctioned under the water programme, of which 25429 are still ongoing. Patil informed the Upper House of the state legislature that the state government has given Rs 2,483.58 crore in 2024-25 and Rs 2,103.25 crore in the current fiscal year to complete the ongoing works. The state government said that the pace of the works under the Jal Jeevan Mission has been .