Debt Debt financing
Jindal Power secures $470-M loan from 3 banks for Botswana project
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Gurugram-based Jindal Power has raised USD 470 million through a nine-year offshore loan provided by Axis Bank, ICICI Bank, and Export-Import Bank of India.Founded by the Jindal Group, the company operates power plants across India and has diversified into renewable energy and integrated coal mining. Its portfolio includes thermal power assets and captive generation facilities, with operations and projects across India and Africa.The company plans to use the facility to support its infrastructure project in Botswana, where the power plant is expected to provide electricity to the local mining industry.
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For FY25, Jindal Power had reported about INR 15,422 Cr in Operating Income and about INR 7,034 Cr in PAT.