Both contenders has offered Rs one cr per Mw upfront. But Sajjan Jindal-led firm recently hiked upfront payment offer to Rs 845 crore against Vedanta's Rs 700 crore
This is the 2nd time it stepped back from a new biz foray
Firm cites MTM loss on JSW Steel holding as reason for a total comprehensive loss of Rs 328.55 cr
JSW Energy's total income during the nine-month period was Rs 7,487.40 crore up from Rs 6,634.88 crore year-ago
JSW had earlier made an offer outside of the IBC process but lenders were not keen to take a steep haircut
The power sector is in stress and we feel consolidation is likely to happen, says JSW Energy joint MD and CEO Prashant Jain
Resurgent Power and JSW Energy were in the fray for the stressed power asset
he shareholders had passed this resolution on July 13, 2017, but raised Rs 5 billion
Lower utilisation at Vijaynagar leads to uncertainty on earnings
Its total revenues for the October-December period grew 6.46 per cent to Rs 20.81 billion from Rs 19.54 billion in Q3 FY17
In July 2016, JSW Energy had informed BSE about agreeing to acquire the 500MW thermal power plant
Firm plans to enhance capacity to 10,000 MW by 2020
The plant will have a capacity to make 200,000 electric vehicles every year
The spike in merchant tariffs in September are seasonal and may be short-lived
Declared formation of new subsidiaries for manufacturing vehicles; Q1 net declined 40% to Rs 217 cr
Energy storage is one area where a paradigm shift is happening, says Prashant Jain
The move will help the Naveen Jindal-led steel-to-power group to pare its debt burden
Firm is evaluating opportunities in disruptive next generation technologies in the energy space
JSW Energy today said it has appointed Prashant Jain as its joint managing director and chief executive officer, effective 16th June, 2017.Jain will be based out of Mumbai office and will report to Sajjan Jindal, chairman of JSW Group."Prashant Jain brings with him vast experience across different functional areas which he can apply in this new role with fresh perspective and vision. The entire leadership team looks forward to working with Prashant and wishes him the very best in his new role," the company release quoted Sajjan Jindal as saying.Jain's role will include setting strategy for JSW Energy, developing and executing strategic and business planning activities and oversee all aspects of the company's business thereby ensuring that JSW Energy continues to be recognized as one of the fastest growing players in the energy sector.Some of his notable achievements of Jain with the JSW Group include steering the strategic collaboration with JFE, raising over $1 billion in JSW Steel ..
Company relieves Sagar a month prior to contract expiry on July 20