JINDAL STEEL & POWER LTD. - Outcome of Board Meeting

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14 Nov 2015
Jindal Steel & Power Ltd has informed BSE that subject to the approval of the Shareholders and other approvals, as may be required, the Board of Directors of the Company at its meeting held on November 14, 2015 has approved the sale of captive power plants (CPP) of the Company situated at Angul, Odisha (6 x 135 MW) and at Raigarh, Chhattisgarh (2 x 55 MW) aggregating to 920 MW capacity to JPL wherein JSPL owns 96.43% shareholding, at a fair market value determined by an independent valuer appointed by the Board. This transaction, once completed, will help in obtaining operational economies, consolidating and effectively managing power business and maximising the value of business at JPL level.
View all announcements for JINDAL STEEL & POWER LTD.	Source: BSE India

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