One of them was JSW Energy Ltd, which found the time was ripe to make its move. Earlier strategy of JSW Energy used to be not to enter into long-term PPAs which are at a fixed price. Ability to raise further equity in JSW Energy is much higher compared to other companies,” group CFO Rao said. The management also believes luck played a part— that JSW Energy happened to be at the right place at the right time. For example, the Bina plant is in Madhya Pradesh, a state JSW Energy did not earlier have exposure to.

Source: Mint September 27, 2016 18:45 UTC