JSW Energy looking to refinance Rs 60 billion of Mytrah loans

JSW Energy Limited is looking to refinance Rs 60 billion of renewable energy loans that it assumed when it acquired assets from Mytrah Energy (India) Private Limited for an enterprise value of Rs 119.34 billion in August 2022. Notably, JSW Energy had acquired 18 special purpose vehicles (SPVs) of Mytrah Energy through its arm, JSW Neo Energy Limited. The total debt of the SPVs was around Rs 90 billion. JSW Energy is looking to refinance two-thirds of that, the portion of the debt that it considers costly.