SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSPL likely to invest Rs 1 lakh crore in Jharkhand

29 Sep 2011 Evaluate

Jindal Steel and Power (JSPL), a steel maker and power generator, likely to spent about Rs 1,00,000 crore in Jharkhand to set up two steel plants of 11 million tonne annual capacity by 2016. The company also plans to set up 6,600 MW power plants in Jharkhand. Chief Minister Arjun Munda and Jharkhand Mukti Morcha leader Shibu Soren commissioned a steel bar mill of 1.2 million tonne per annum capacity in Patratu.

By second half of 2015 JSPL aims to come up with integrated steel mill of total 6 million tonne capacity in Patratu, where it already has a steel plate mill of 0.6 million tonne per annum.  Other than this, JSPL also has plans to set up another 5 million tonne capacity steel plant at Asanboni in East Singhbhum district in the state which is expected to be commissioned by 2016. Two plants of 1320 MW each at Dumka and Godda is also on the anvil.

Recently, Jindal Steel & Power has raised $475 million through the takeout financing route, to part finance expansion plans overseas. The company has raised the loan at 225 basis points over the LIBOR, for a tenor of five years, with 10 large banks participating in the transaction. The banks include Standard Chartered, DBS, Citibank, Bank of Tokyo Mitsubishi, Mizuho, Barclays, RBS, ANZ, Credit Agricole and JP Morgan.

Jindal Steel Share Price

1269.50 45.65 (3.73%)
17-Apr-2026 16:59 View Price Chart
Peers

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:

×