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This is an archive article published on January 17, 2011

‘Jindal Power Rs 72 bn IPO to by April’

Jindal Power,a unit of Jindal Steel & Power Ltd,is likely to launch its Rs 72-billion IPO by March or April.

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Jindal Power,a unit of Jindal Steel & Power Ltd,is likely to launch its Rs 72-billion initial public offering by March or April,”if market conditions are okay,” a source with direct knowledge of the matter said on Monday.

Jindal Power had filed papers for the $1.6 billion IPO in December 2009,joining a raft of energy firms that have tapped the Indian stock market.

 

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