Jindal Steel and Power (JSPL) has signed a memorandum of understanding (MoU) with the government of Jharkhand for setting up a 2,640-Mw coal-based power plant. Further, the company is planning to expand its footprint in the hydro power sector. In this regard, the company has already signed agreements to build 6,100-Mw capacity in Arunachal Pradesh.
Earlier in September this year, the company entered into Memorandum of Understanding (MoU) with the Liberian Government to set-up (175x2) 350-MW power project in Liberia. The agreement will be positive for a separately proposed iron ore mining project in the African country.
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.
