Draft Red Herring Prospectus Dated January 21, 2008 Please read Section 60B of the Companies Act, 1956 (The Draft Red Herring Prospectus will be updated upon filing with the RoC) 100% Book Building Issue JSW ENERGY LIMITED (Our Company was incorporated as Jindal Tractebel Power Company Limited under the Companies Act, 1956 on March 10, 1994. The name of our Company was changed to Jindal Thermal Power Company Limited on January 17, 2002. Subsequently the name of our Company was changed to JSW Energy Limited on December 7, 2005. For details of the change in our name, see “History and Certain Corporate Matters” on page [●] of this Draft Red Herring Prospectus.) Registered Office: Jindal Mansion, 5A, G. Deshmukh Marg, Mumbai 400 026, Maharashtra. Corporate Office: The Enclave, Behind Marathe Udyog Bhavan, New Prabhadevi Road, Prabhadevi, Mumbai 400025. Company Secretary and Compliance Officer: Mr. S Madhavan Tel: (91 22) 2423 8000; Fax: (91 22) 2432 0740; Email:
[email protected]; Website: www.jsw.in PUBLIC ISSUE OF 63,225,000 EQUITY SHARES OF Rs. 10 EACH OF JSW ENERGY LIMITED (“JSWEL” OR THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF Rs. [•] PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. [•] PER EQUITY SHARE) AGGREGATING UP TO Rs. [•] (THE “ISSUE”). THE ISSUE COMPRISES A NET ISSUE OF 61,225,000 EQUITY SHARES TO THE PUBLIC AND A RESERVATION OF 2,000,000 EQUITY SHARES FOR ELIGIBLE EMPLOYEES (THE “EMPLOYEE RESERVATION PORTION”). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 10.94% AND 10.59% RESPECTIVELY OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.# # The Company is considering a Pre-IPO Placement of Equity Shares with various investors (“Pre-IPO Placement”).