SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SBI led consortium invite bids to sell 51% stake in JITPL

29 Aug 2017 Evaluate

State Bank of India (SBI) led consortium has invited bids to sell 51% stake in Jindal India Thermal Power (JITPL) located in Odisha. The consortium of 17 lenders had a total loan exposure of Rs 5,902.43 crore in JITPL as on June 30, 2017. SBI has the highest exposure of Rs 1,413.89 crore; followed by Punjab National Bank Rs 985.38 crore; Axis Bank Rs 584.89 crore; ICICI Bank Rs 406.05 crore and Bank of Baroda Rs 337.01 crore etc.

JITPL, a B C Jindal group company, was formed in 2001 as a special purpose vehicle for development of coal based thermal plant located in Angul district of Odisha. 

 State Bank of India (SBI) offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.



State Bank Of India Share Price

1041.65 1.75 (0.17%)
06-Jul-2026 11:22 View Price Chart
Peers
Company Name CMP
State Bank Of India 1041.65
PNB 104.70
Bank Of Baroda 250.60
Canara Bank 126.75
Union Bank Of India 161.95
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: