Jindal Steel and Power’s (JSPL) subsidiary company - Jindal Power, has entered into a definitive agreement to divest 4.12% holding in India Energy Exchange (IEX) at an undisclosed amount and is expected to realize the consideration within the current financial year. This step has been taken as a part of the monetization plan.
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.
