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JSPL to set up 1500 MW greenfield power plants in Africa

15 Mar 2013 Evaluate

Jindal Steel and Power (JSPL) is planning to set up 1,500 MW of greenfield power plants across five African nations, which include Senegal, Mozambique and Liberia. It will be establishing 300 MW (2X150 MW) of power plants each across five African nations. These projects are likely to start in the new financial year, starting April 1.

The, Naveen Jindal promoted firm has decided to invest Rs 23,000 crore in next three years. Of the total of Rs 23,000 crore, the company will raise Rs 12,000 crore through debt, while rest will be funded from internal accruals.

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.

Jindal Steel Share Price

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