Jindal Power IPO

Jindal Power IPOJPL (Jindal Power) is aiming to mop up Rs 7,000 cr with its IPO that is set to reach the market- by April this year.

Jindal Power initial public offer may appear by the end of March or April. We’ve required clearances and also the Initial public offering will depend on the market environments. We’re waiting for the correct moment,” mentioned AnandGoel, Director OFJindal Power as well as Joint-Managing-Director, Jindal Steel and Power .
Mr Goel mentioned that the IPO proceeds would be utilized to partly finance the Rs 22,000 cr development projects of the firm in Chhattisgarh and Jharkhand.

JPL will offer 35percent of the power generated by its Chhattisgarh project tothe Chhattisgarh State-Electricity Board (CSEB) as well as sell the rest via short/, medium/ and long–term deals.

Additionally on the anvil are 2 captive power jobs, of 1,320 MW at Dumka and 660 MW at Godda in Jharkhand, that the firm expects to carry out by 2014.




JPL Ltd IPO, Jindal Power IPO, JPL IPO Bidding, Jindal Power IPO Allotment Status, JPL IPO drhp and Jindal Power IPO listing

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

When I Sell A Share?

When I Sell A Share? Most people ask a question when they should sell the share for taking their gains. When you want the cash? which level is a best ...…

Stock Splits

Stock Splits [ad name="468x15- 5 link"] what is a stock split? A stock split is really a procedure helpful to enhance the number of stocks in order to issue ...…

Foreign Institutional Investors In India

Foreign Institutional Investors In India Foreign capital flows have come to be acknowledged as one of the significant sources of funds for economies that would like to raise at a ...…

What are Premium Issues?

What are Premium Issues? Most Companies shares have a face value of Rs.10 though not always offer to the public at this price. Companies can offer a stock (share) ...…

Meaning For Abridged Prospectus

Meaning For Abridged Prospectus 'Abridged Prospectus' is usually a shorter model of the-Prospectus and possesses all the significant features of a Prospectus. That accompanies the application-form of public issues - [ad ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV