Search Result for : Jindal Steel Power Ltd Jspl

The Dollar Business Bureau  The ancillary industry of Jindal Steel and Power Limited (JSPL) plant at Angul in Odisha can create over 50,000 jobs, Jindal’s chairman Naveen Jindal said on Friday. Speaking at Make in Odisha Conclave on Friday, Jindal said, "JSPL has invested about Rs.35,000 crore in Odisha and has created employment for about 30,000 people. At Angul, it has already set up a 2 MTPA steel plant and more investments are in process to complete the 6 MTPA plant." "We are already making in Odisha. The Coal Gasification Technology adopted by JSPL can be used in making several products which will help in creating more downstream industries. More than 50,000 jobs can be created by developing Ancillary Industries of JSPL's plant at ...

The Dollar Business Bureau Jindal Steel and Power is reportedly in talks with some resource firms to sell more of its steel and mining assets. The loss-making company intends to close a $976 million power plant deal before mid-2018 deadline. The company is looking to turn around its fortunes, as the company is trying to cut down on its March-end debt of about Rs.460 billion ($6.91 billion), which is over seven times its market capitalisation. “Hopefully FY16-17 will see complete turnaround of JSPL, and we expect positive earnings at PBT level,” Jindal Steel and Power said in a tweet. The New Delhi-based firm has agreed to sell a 1,000 megawatt power plant JSW Evergy for up to Rs.65 billion ($976.21 million).  Jindal Steel has recently been under ...

Source: PTI   Billionaire Sajjan Jindal's JSW Energy will acquire a 1,000 MW power plant from his younger brother Naveen-led heavily indebted Jindal Steel and Power Ltd for Rs 6,500 crore. JSW will pay at least Rs 4,000 crore, excluding net current assets, and an additional Rs 2,500 crore if JSPL's 1,000 MW power plant in Raigarh, Chhattisgarh secures a long term power purchase agreement, the firms said in statements. Sajan and Naveen, sons of billionaire Savitri Devi Jindal, once competed to buy foreign assets, but JSPL has run into rough weather with Supreme Court cancelling its coal mine allocations and weak global commodity prices. JSPL, which has a debt of close to Rs 46,000 crore, said the deal, to be completed by ...