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Jindal Power Lines up Rs.65K- cr Plans

Naveen Jindal led Jindal Power on Friday said it would invest Rs 65000 crore in new power projects and part of the financing for these would be done through its up to Rs 10000 crore initial public offer. The company will create a fresh thermal capacity of over 4400 mw and hydel capacity of 6100 mw with commissioning of projects starting from 2014 said by the company.
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According to the company the company requires Rs 15000 crore and the rest would come through debt for financing the projects Jindal Power Deputy Managing Director Sushil Maru Said.

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