Premium
This is an archive article published on December 9, 2010

Rs 7,000 cr Jindal Power IPO by Mar

Company had said the proceeds would be utilised to part fund its Rs 22,000-crore expansion projects.

google-preferred-btn

Navin Jindal-led Jindal Power is likely to launch a Rs 7,000 crore initial public offer (IPO) before March 2011.

“There is a tentative planning that we would bring the IPO before March 2011,” Jindal Power Managing Director RS Sharma told reporters here.

When asked about draft herring prospectus and other plans,he said,”They are being worked out and are in discussion.

Other than that we can not comment right now.”

Story continues below this ad

The company had earlier said the proceed of public offer would be utilised to part fund its around Rs 22,000-crore expansion projects in Chhattisgarh and Jharkhand.

Jindal Power will channelise 35 per cent of the power produced from the Chhattisgarh expansion project to the Chhattisgarh State Electricity Board (CSEB) and sell the rest through short,medium and long-term agreements.

The company would also execute two captive power projects of 660 MW at Godda and 1,320 MW at Dumka in Jharkhand by 2014.

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Bihar elections Phase 1 voting
Voting begins in 121 seats; Tejashwi, Tej Pratap, Samrat Choudhary in fray
Corruption cloud: Skill Ministry blacklists 178 training partners
Corruption cloud: Skill Ministry blacklists 178 training partners
How Lagaan, Gadar, Dil Chahta Hai changed Hindi film industry.
Entertainment25 years of Indian cinema: With Lagaan, Gadar, Dil Chahta Hai, 2001 changed our films
Even as Rahul Sadasivan's Pranav Mohanlal-starrer Dies Irae continues its successful run, it cannot be overstated that Bhoothakaalam remains his best movie to date. And the reasons are aplenty.
EntertainmentWhy Bhoothakaalam remains Dies Irae director Rahul Sadasivan's best film
Zohran Mamdani Dhoom Machale
TrendingZohran Mamdani closes victory speech as mayor of New York to 'Dhoom Machale'; netizens hail ‘coolest victory speech’
British vlogger disgusted by littering in Kerala
Trending‘Kerala, I am disappointed’: British vlogger disgusted by littering at Varkala cliffs, calls for better waste management
Though it didn’t win a title for 18 seasons, RCB’s brand value was always in the top three thanks to the presence of Virat Kohli. (Pic Credit: Sportzpics/File)
SportsRCB put on sale months after stampede during IPL 2025 victory parade
The year was 2021 when Diptayan Ghosh emerged from the Delhi School of Economics with a degree and a job at a corporate bank in Mumbai. (Photo Credit: Michal Walusza/FIDE)
SportsChess World Cup: Diptayan Ghosh, who once took a 2-year break to work in a bank, beats 2-time world championship contender Ian Nepomniachtchi
In New York, Zohran Mamdani crafted a campaign that went beyond identity -- that's how he won
OpinionIn New York, Zohran Mamdani crafted a campaign that went beyond identity -- that's how he won
Bill Gates changed climate views, Bill Gates climate views, Bill Gates, Climate change, Indian express explained, explained news, current affairs
ExplainedWhy Bill Gates' changed climate views are in step with India's
Gwyneth Paltrow recently revealed how alcohol worsened her menopause symptoms. Experts explain how drinking affects hot flashes, sleep, metabolism, and bone health. Learn why moderation is key.
LifestyleGwyneth Paltrow says drinking made her menopause symptoms 'go out of control'
Sam Altman Indic LLMs
TechnologyCan OpenAI’s new ‘IndQA’ benchmark help Indic LLMs close the gap?
Advertisement
Must Read
SportsRCB put on sale months after stampede during IPL 2025 victory parade
Though it didn’t win a title for 18 seasons, RCB’s brand value was always in the top three thanks to the presence of Virat Kohli. (Pic Credit: Sportzpics/File)
SportsChess World Cup: Diptayan Ghosh, who once took a 2-year break to work in a bank, beats 2-time world championship contender Ian Nepomniachtchi
The year was 2021 when Diptayan Ghosh emerged from the Delhi School of Economics with a degree and a job at a corporate bank in Mumbai. (Photo Credit: Michal Walusza/FIDE)
SportsRishabh Pant returns as India announce squad for South Africa Test series
Pant only managed a score of 17 in the first innings but then scored 90 off 113 balls in the second, which ultimately helped India A win the match by three wickets. (AP Photo)
TechnologyCan OpenAI’s new ‘IndQA’ benchmark help Indic LLMs close the gap?
Sam Altman Indic LLMs
TechnologyWith Project Suncatcher, Google joins the club to put AI data centres in space, but feasibility remains a challenge
Space offers better access to solar energy, which is why some are considering placing data centers there. (Image credit: Intuitive Machines)
TechnologyApple’s first budget MacBook may launch in early 2026: Here’s what to expect
The much-rumoured MacBook is said to be powered by an iPhone chip.
LifestyleGwyneth Paltrow says drinking made her menopause symptoms 'go out of control'
Gwyneth Paltrow recently revealed how alcohol worsened her menopause symptoms. Experts explain how drinking affects hot flashes, sleep, metabolism, and bone health. Learn why moderation is key.
Advertisement
Buzzing Now
TrendingZohran Mamdani closes victory speech as mayor of New York to 'Dhoom Machale'; netizens hail ‘coolest victory speech’
Zohran Mamdani Dhoom Machale
Trending‘Kerala, I am disappointed’: British vlogger disgusted by littering at Varkala cliffs, calls for better waste management
British vlogger disgusted by littering in Kerala
Trending'In India, at least I’ll be happy': Indian creator decides to leave US over racism; says the America she admired no longer exists
Indian woman creator leaves US over racism
TrendingRajasthan vegetable seller borrows money for lottery tickets, wins Rs 11 crore: ‘Meri saari gareebi khatam ho gayi’
Rajasthan vegetable seller wins Rs 11 crore from Punjab lottery ticket
Trending‘India deserves a world record for this’: Australian traveller gets emotional after experiencing 'unmatched' hospitality
Australian traveller praises indian hospitality
Nov 06: Latest News
Advertisement