Page 2 - Jindal
Andhra govt allots land to OP Jindal's Rs 7,500-crore steel plant
: The Andhra Pradesh government on Thursday issued orders allotting 860 acres of land to Jindal Steel & Power Limited for setting up a 2.25- million tonne per annum integrated steel plant at an investment of Rs 7,500 crore. According to the GO, the proposed plant at Thamminapatnam inSPSR Nellore district, is expected to create employment to 2,500 people directly and 15,000 indirectly. The government, after careful examination of the matter, hereby accord permission to APIIC for allotment of land to an extent of 860 acres at Thamminapatnam and Momidi Village of Chilakur Mandal of SPSR Nellore District to Jindal Steel Andhra Limited, as per the rates fixed by APIIC for establishing an integrated steel plant with a condition that R&R charges, if any, shall be borne by Jindal Steel Andhra Limited as agreed by them, the GO said. The OP Jindal Group has a dominant presence in steel, power, mining and infrastructure sectors with a total steel production of 11.6 MTPA and
 "Andhra govt allots land to OP Jindal's Rs 7,500-crore steel plant")
Jindal Stainless posts Rs 51.92-crore profit in September quarter
The company had posted a loss of Rs 36.44 crore in the year-ago period, JSL said in a filing to the BSE
 "Jindal Stainless posts Rs 51.92-crore profit in September quarter")
Jindal brothers near $782 million power plant deal, says sources
The company had net debt of 460 billion rupees ($7 billion) at the end of December, nearly eight times the company's current market capitalisation, and has been in talks with lenders to reschedule repayments because of "cash flow mismatches"
