Jindal Steel & Power (JSPL) has received a revised offer of Rs 7,401 crore from Worldone for divestment of its subsidiary company Jindal Power (JPL).
Jindal Steel and Power (JSPL) had earlier announced accepting a Rs 3,015 crore offer from Worldone to divest 96.42 per cent stake it holds in the subsidiary company JPL. The divestment is in line with JSPL's strategic objective to continuously reduce its debt and carbon emissions and focus on steel business.
JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
