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Article: BUSINESS IN ASIA TODAY - AUG 17, 2009.

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AsiaPulse News
Article date:
August 17, 2009
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Business in Asia on Aug 17, 2009. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

INDIA'S JSW ENERGY TO RAISE US$622 MLN VIA IPO

NEW DELHI - India's JSW Energy (BSE:500228) has said it will raise Rs 3,000 crore (US$622 million) through an initial public offer and has filed a draft prospectus with market regulator SEBI. "We aim to install a capacity of 11,000 MW in next five years entailing an estimated investment of Rs 55,000 crore. The proceeds of the IPO will be used to partly fund our project expansion," JSW Energy vice-chairman and ...

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