Jindal Steel & Power’s (JSPL) subsidiary - Jindal Power has raised an amount of Rs 500 crore from Kotak Mahindra bank. The executive sub-committee of directors of the company at its meeting held on December 22, 2014 allotted 5,000 Privately Placed Rated Redeemable Unsecured Non-Convertible Debentures (NCDs) for cash at par aggregating to Rs 500 crore in three series to the bank.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
