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 ””””””””

;;;;;;

TAGS;

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

What Is The Floor Price?

What Is The Floor Price? Floor price is the minimum price where bids can be made. Book Building is fundamentally a procedure utilized in IPOs for effective price finding. The ...…

Who determines the IPO price?

Who determines the IPO price? The regulators don't play a role in fixing the price for IPO issues. The firm determines the value or price band in discussion along with ...…

Definition for Share

Definition for Share The Certificates representing one unit of ownership in a mutual fund, corporation and limited partnership, the share has a certain declared face value, ...…

4 Blunders To Avoid While Stock Markets Fall

4 Blunders To Avoid While Stock Markets Fall The current outlook on the market seems utmost pessimistic on concerns of High crude oil prices, inflation, high interest hurting corporate earnings etc. Analyst on ...…

What IS a Share?

What IS a Share? [ad name="468x15- 5 link"] share is a unit of account for various financial instruments including mutual funds, stocks, limited partnerships, and REIT's. In simple Words, stock ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics