JSW Energys Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jefferies says the move will lower leverage, support capex plans and improve execution visibility, prompting a target price upgrade to Rs 675.

JSW Steel aims for 80 mt capacity by 2030, leveraging joint ventures and strategic investments amid market challenges.

JSW Energy on Monday announced the sale of 2.5 crore equity shares in JSW Steel for ₹3,150 crore through a bulk deal on the National Stock Exchange of India Ltd on May 18.

JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030,…

JSW Energys Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jefferies says the move will lower leverage,…