Page 2 - Jindal Power

Adani, Jindal Power join race to buy Videocon's consumer durable business

The Adani group's surprise entry into the race has raised hopes of the lenders who are now expecting an early resolution of Videocon's Rs 64,000 crore of debt

CCI approves 96.42 per cent equity acquisition in Jindal Power by Worldone

The Competition Commission of India (CCI) said on Thursday it has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited by Worldone Private Limited.

JSPL shareholders okay 96.42% stake sale in Jindal Power for Rs 7,401 cr

At the company's EGM held electronically on Friday, 97.12% of Jindal Steel shareholders via special resolution approved divestment of the firm's power business

JSPL shareholders approve 96.42% stake sale in Jindal Power for Rs 7,401 cr

JSPL said over 97 per cent shareholders have approved the proposal to sell 96.42 per cent stake the company holds in its arm Jindal Power for Rs 7,401 crore to its promoters owned firm Worldone.

JSPL accepts revised offer from Worldone to divest 96.42% in Jindal Power

JSPL Board accepted the revised binding offer from Worldone Private Limited to divest its 96.42 per cent stake in Jindal Power Limited (JPL), a material subsidiary of JSPL, the company informed.

JSPL accepts Rs 7,401-cr revised offer for Jindal Power from Worldone

JSPL on Saturday said its board has accepted the revised offer of Rs 7,401 crore from Worldone Private Limited for divestment of its subsidiary company Jindal Power Ltd. On July 25, JSPL had announced receiving the Rs 7,401-crore revised offer from Worldone Private Limited to acquire 96.42 per cent stake in Jindal Power Ltd (JPL). In a statement, Jindal Steel & Power Limited (JSPL) said its "Board has accepted the revised binding offer from Worldone Private Limited to divest its 96.42 per cent stake in JPL". The company informed that out of Rs 7,401 crore, Rs 3,015 crore will be paid in cash, while the balance Rs 4,386 crore will be settled by "way of assumption and takeover of liabilities and obligations of JSPL in relation to inter-corporate deposits and the capital advances extended by JPL to JSPL". The divestment is in line with JSPL's strategic objective to continuously reduce its debt and carbon emissions and focus on steel business. The company further said it had also ...

JSPL gets revised Rs 7,401-cr offer from Worldone for group's power unit

In April, JSPL divested 96.42 in JPL to Worldone for Rs 3,015 crore

JSPL receives revised Rs 7,401-cr offer from Worldone Pvt for Jindal Power

JSPL on Sunday announced it has received a revised offer of Rs 7,401 crore from Worldone Private Limited for divestment of its subsidiary company Jindal Power Limiter (JPL).

JSPL hits 52-week high as board approves divestment in Jindal Power

The equity value is an all-cash offer of Rs 3,015 crore, including 3,400 MW coal fired power plants in Chhattisgarh and other non-core assets owned by JPL

JSPL board okays divestment in Jindal Power to Worldone for Rs 30.15 bn

Jindal Power and Steel (JSPL) on Tuesday said its board has approved divesting its entire equity interest in Jindal Power to Worldone, a promoter group company, for Rs 30.15 billion

Jindal Power appoints former Coal India head as new Chairman

Jindal Power Ltd (JPL) on Monday announced the appointment of former bureaucrat Anil Kumar Jha as its Chairman. A veteran of the mining industry, Jha isformer chairman of Coal India Limited, JPL said in a statement. JPL is a subsidiary of steel maker Jindal Steel & Power Limited (JSPL), Jha brings with him rich a experience of over three decades in the field of mine planning, production, management, supervision, direction and control of underground as well as open cast mines, the statement said. On Jha's appointment, JSPL Chairman Naveen Jindal said: "We welcome Anil Kumar Jha to the JPL family. We are confident that with his vast experience, JPL will continue to scale new heights and contribute towards a self-reliant India. We wish him great success at JPL." Jha is a mining graduate, he also holds an M.Tech degree from Indian School of Mines, Dhanbad. He started his career with Coal India as a Junior Executive (Trainee) at Topa Colliery in Central Coalfields Limited (CCL) in ..

CARE Ratings reaffirms stable outlook credit rating of A- for Jindal Power

CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power

HC indicates early decision in Jindal Power coal auction case

Govt officials say with this development, they hope the case will be disposed by February-end

Delhi HC seeks Centre's reply on Jindal's plea for refund of Rs 1,185 cr additional levy

Jindal claimed govt's demands for payment were illegal and without authorisation as it was allocated blocks at Raigarh

Jindal Power sells 4.12% stake in Indian Energy Exchange

Late last year, Jignesh Shah-promoted Financial Technologies sold its residual stake of five per cent in IEX at a valuation of Rs 2,100 crore

Jindal Power divests 4.12% holding in India Energy Exchange

Expects to realise consideration within the current financial year