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.

MORE UPDATE COME LATER ””””””””

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

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