Jindal plans IPO to raise Rs 7,200cr
2009 December 30
Jindal Power on Tuesday said that it has filed a draft prospectus with the market regulator, Sebi, to raise Rs 7,200 crore through its maiden public issue. “Jindal Power has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India (Sebi), on Tuesday,” JPL said in a statement.
Jindal Power, which has set up the country’s first mega power project – the 1,000-MW O P Jindal Super Thermal Power Plant at Raigarh, is a subsidiary of Jindal Steel and Power Ltd. The company would utilise the issue proceeds to part finance the construction and development of various thermal power projects.
Subscribe to Stock Market Today