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JSPL to invest Rs 1,500 crore to make Monnet Power project operational – EQ Mag

Jindal Steel and Power Limited (JSPL) will invest up to ₹1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for ₹410 crore through the […]

EIB approves €4.3 bn in transition funding, including €805 mn for clean power – EQ

Vedanta outbids JSPL for Athena – EQ Mag Pro

Anil Agarwal-promoted Vedanta has emerged as the best bidder for bankrupt Athena Chhattisgarh Power Ltd, outbidding Naveen Jindal’s Jindal Steel & Power Ltd (JSPL) in an public sale course of that ran for 28 hours, two folks conscious of the event informed ET. Resources conglomerate Vedanta’s ultimate supply of ₹565 crore was a lot larger […]

EIB approves €4.3 bn in transition funding, including €805 mn for clean power – EQ

JSPL Shareholders Approve 96.42% Stake Sale in Jindal Power – EQ Mag Pro

Worldone will buy out all the Equity Shares and Redeemable Preference Shares of JPL held by JSPL for a total consideration of approximately Rs 7,401 crore. New Delhi : Jindal Steel and Power Ltd (JSPL) shareholders on Friday approved the deal to sell 96.42 per cent stake in its arm Jindal Power for Rs 7,401 […]

EIB approves €4.3 bn in transition funding, including €805 mn for clean power – EQ

JSPL Prepays Rs 2,462 Crore to Lenders, Eyes Becoming Net Debt Free

The prepayment of debt is in continuation of the company’s long stated financial strategy of debt reduction and building a robust balance sheet with optimum capital mix. New Delhi: Domestic steel and power producer JSPL on Monday announced that it has made a prepayment of Rs 2,462 crore to its term lenders. The prepayment of […]

Jindal Stainless ropes in UK-based SBTi to help reduce carbon footprint – EQ

JSPL denies payment defaults; says business as usual

The company will be reporting its April-June quarter results (1QFY20) results on August 14, 2019 NEW DELHI: Jindal Steel and Power Ltd (JSPL) on Thursday said that it has not defaulted on any payments. The company said all speculations/rumours with respect to payment default are “baseless and false in nature”. “The business is going on […]

South Asia Going Solar with Growatt Solutions – EQ