Latest news with #JSWNeoEnergy
Bloomberg
3 days ago
- Business
- Bloomberg
JSW Neo Energy Seeks $675 Million Loan for O2 Power Deal
India's JSW Neo Energy Ltd. is seeking a loan of about $675 million to back its purchase of renewable energy platform O2 Power from Sweden's EQT AB and Singapore's Temasek Holdings, according to people familiar with the matter. Deutsche Bank AG and Mitsubishi UFJ Financial Group are the mandated lead arrangers and bookrunners of the five-year deal, said the people, who asked not to be identified discussing private matters. The loan is being syndicated to the broader market, they added, with investor meetings taking place in Dubai, Singapore and Taipei this week.
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Business Standard
14-05-2025
- Business
- Business Standard
Indian entities committed FDI worth $6 mn in Azerbaijan & Turkiye in April
Four Indian entities committed foreign direct investments worth nearly $6 million in Azerbaijan and Turkiye, accounting for a small part of the total $6.8 billion overseas investments proposed by Indian companies in April, according to the latest Reserve Bank data. India's outbound FDI increased by nearly 90 per cent annually to $6.8 billion in April, led by Tata Communications, Life Insurance Company and JSW Neo Energy, according to the data. India's outward foreign direct investment (FDI) stood at about $3.59 billion in April 2024 and $5.9 billion in March 2025. Among the investments, two Indian entities -- Omega Plasto Ltd and Rama Pure Water Pvt Ltd -- have committed equity investments in the 'wholesale, retail trade, restaurants and hotels' segment in Turkiye through joint ventures, as per the data released by the Reserve Bank of India (RBI) on Wednesday. Axiro Semiconductor Pvt Ltd has committed funds in Turkiye's manufacturing space through a wholly-owned subsidiary. Together, the three entities' total commitment is around $0.28 million. The data showed that Project Aslan has committed an amount of $5.6 million in Azerbaijan's agriculture and mining sectors. Tata Communications Limited has committed $1.12 billion, including a guarantee of little over $1 billion and equity of $88.77 million, in the Netherlands, the data showed. The investment is being made through a joint venture, Tata Communications Netherlands BV, in transport, storage and communications services. JSW Neo Energy's financial commitment stood at $720.6 million through its wholly-owned subsidiary O2 Power Midco Holdings PTE in Singapore towards electricity, gas and water. It has also committed $60 million through another wholly-owned subsidiary. State-owned Life Insurance Corporation has committed $685.52 million for financial, insurance and business services through a joint venture with LIC Lanka in Sri Lanka. The RBI data also showed that Samvardhana Motherson International's financial commitment stood at $772 million in Mauritius through its wholly-owned subsidiary MSSL Mauritius Holdings. The FDI is in the form of a guarantee. Against the backdrop of Turkiye and Azerbaijan condemning India's recent strikes on terror camps in Pakistan, New Delhi's trade relations with Ankara and Baku might come under strain. There are calls for a boycott of Turkish goods and tourism from certain quarters. On Wednesday, the Indian Chamber of Commerce (ICC) supported the boycott calls. "Several tourism associations and industry bodies have issued statements of solidarity and collective commitment towards prioritising our national interest over commercial goals. The Indian Chamber of Commerce joins these organisations in demanding a boycott of states like Turkiye and Azerbaijan, following their stand against India's response to terrorism," said Subhash Goyal, Chairman, Tourism Committee, ICC. As one of India's oldest chambers of commerce, Goyal said ICC remains committed to promoting ethical, responsible, and respectful business and tourism practices while upholding the values of integrity, security, and unity of our country.
Time of India
14-05-2025
- Business
- Time of India
Four Indian companies commit $6.8 billion overseas FDI in April; nearly $6 million in Azerbaijan, Turkey
Four Indian firms invested close to $6 million in Azerbaijan and Turkey as part of the country's total outbound foreign direct investment (FDI) for April, according to the data released by Reserve Bank of India on Wednesday. These contributions represent a small portion of the overall $6.8 billion in proposed overseas investments by Indian companies that month. The data also shows that the nation's outbound FDI saw a nearly 90% year-on-year increase, with major contributions from Tata Communications, Life Insurance Corporation, and JSW Neo Energy. This comes amid Turkey and Azerbaijan's condemnation of India's recent strikes on terror camps in Pakistan under Operation Sindoor, concerns have emerged over potential strain in New Delhi's trade ties with both countries. Some groups have even begun calling for a boycott of Turkish products and tourism. "Several tourism associations and industry bodies have issued statements of solidarity and collective commitment towards prioritising our national interest over commercial goals. The Indian Chamber of Commerce joins these organisations in demanding a boycott of states like Turkey and Azerbaijan, following their stand against India's response to terrorism," said Subhash Goyal, chairman, tourism committee, ICC. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo Meanwhile, MakeMyTrip has reported a sharp drop in travel demand to Turkey and Azerbaijan, amid growing social media calls for a boycott of the two countries. The platform noted a 60% decline in bookings over the past week, accompanied by a 250% surge in cancellations. The country's FDI stood at approximately $3.59 billion in April 2024 and rose to $5.9 billion in March 2025, according to RBI data. Among the various investments, three Indian companies—Omega Plasto Ltd, Rama Pure Water Pvt Ltd, and Axiro Semiconductor Pvt Ltd—have committed a combined $0.28 million to Turkey. While the first two firms invested in the 'wholesale, retail trade, restaurants, and hotels' sector through joint ventures, Axiro Semiconductor directed funds into Turkey's manufacturing sector via a wholly-owned subsidiary. According to the data, several major Indian firms have made significant overseas investments across diverse sectors and geographies. Project Aslan has committed USD 5.6 million in Azerbaijan's agriculture and mining sectors. Tata Communications Limited is investing $1.12 billion in the Netherlands through its joint venture, Tata Communications Netherlands BV, targeting transport, storage, and communication services. JSW Neo Energy has pledged $720.6 million via its wholly-owned subsidiary O2 Power Midco Holdings PTE in Singapore for electricity, gas, and water services, along with an additional $60 million through another subsidiary. Meanwhile, state-run Life Insurance Corporation (LIC) has committed $685.52 million in Sri Lanka's financial and insurance sectors through its joint venture, LIC Lanka Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
14-05-2025
- Business
- Time of India
Indian cos commit $6.8 bn overseas FDI in Apr; nearly USD 6 mn in Azerbaijan, Turkiye
Four Indian entities committed foreign direct investments worth nearly USD 6 million in Azerbaijan and Turkiye, accounting for a small part of the total USD 6.8 billion overseas investments proposed by Indian companies in April, according to the latest Reserve Bank data. India's outbound FDI increased by nearly 90 per cent annually to USD 6.8 billion in April, led by Tata Communications , Life Insurance Company and JSW Neo Energy , according to the data. India's outward foreign direct investment (FDI) stood at about USD 3.59 billion in April 2024 and USD 5.9 billion in March 2025. Among the investments, two Indian entities -- Omega Plasto Ltd and Rama Pure Water Pvt Ltd -- have committed equity investments in the 'wholesale, retail trade, restaurants and hotels' segment in Turkiye through joint ventures, as per the data released by the Reserve Bank of India (RBI) on Wednesday. GIF89a����!�,D; Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Axiro Semiconductor Pvt Ltd has committed funds in Turkiye's manufacturing space through a wholly-owned subsidiary. Together, the three entities' total commitment is around USD 0.28 million. The data showed that Project Aslan has committed an amount of USD 5.6 million in Azerbaijan's agriculture and mining sectors. Live Events Tata Communications Limited has committed USD 1.12 billion, including a guarantee of little over USD 1 billion and equity of USD 88.77 million, in the Netherlands, the data showed. The investment is being made through a joint venture, Tata Communications Netherlands BV, in transport, storage and communications services. JSW Neo Energy's financial commitment stood at USD 720.6 million through its wholly-owned subsidiary O2 Power Midco Holdings PTE in Singapore towards electricity, gas and water. It has also committed USD 60 million through another wholly-owned subsidiary. State-owned Life Insurance Corporation has committed USD 685.52 million for financial, insurance and business services through a joint venture with LIC Lanka in Sri Lanka. The RBI data also showed that Samvardhana Motherson International 's financial commitment stood at USD 772 million in Mauritius through its wholly-owned subsidiary MSSL Mauritius Holdings. The FDI is in the form of a guarantee. Against the backdrop of Turkiye and Azerbaijan condemning India's recent strikes on terror camps in Pakistan, New Delhi's trade relations with Ankara and Baku might come under strain. There are calls for a boycott of Turkish goods and tourism from certain quarters. On Wednesday, the Indian Chamber of Commerce (ICC) supported the boycott calls. "Several tourism associations and industry bodies have issued statements of solidarity and collective commitment towards prioritising our national interest over commercial goals. The Indian Chamber of Commerce joins these organisations in demanding a boycott of states like Turkiye and Azerbaijan, following their stand against India's response to terrorism," said Subhash Goyal, Chairman, Tourism Committee, ICC. As one of India's oldest chambers of commerce, Goyal said ICC remains committed to promoting ethical, responsible, and respectful business and tourism practices while upholding the values of integrity, security, and unity of our country.
Time of India
02-05-2025
- Business
- Time of India
JSW Neo Energy inks deal with UPPCL for 1500 MW pumped hydro storage
JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has signed a Pumped Hydro Storage Power Procurement Agreement (PHSPPA) with Uttar Pradesh Power Corporation Ltd. ( UPPCL ) for 1,500 MW / 12,000 MWh of pumped hydro energy storage. Under this agreement, the supply of energy storage capacity is for a period of 40 years, and JSW Neo Energy will receive a fixed capacity charge of ₹77.2 lakh per MW per annum. The pumped hydro storage will be capable of a scheduled discharge of 8 hours, with a maximum continuous discharge of 6 hours per day. The project is expected to be commissioned in the next six years. With this agreement, JSW Neo Energy's total locked-in energy storage capacity now stands at 28.3 GWh, including 26.4 GWh of pumped storage projects. The company is presently constructing various power projects to the tune of 11.3 GW, with a vision to achieve a total power generation capacity of 20 GW.
