Jindal Poly Films approves Rs 606 cr investment in Hindustan Thermal

Jindal Poly Films Ltd, at its board meeting held on December 16, 2008, has approved an investment upto Rs 606 cr (including premium, if any) in one or more tranches in the form of subscription of equity shares of Hindustan Thermal Power Generation Ltd, (HTPGL), a wholly owned subsidiary of the company. HTPGL propose to set up a 3,000 Mw power project in Orissa, which is being implemented in two phases (1800 Mw and 1200 Mw).