SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSL, Gridco sign Power Purchase Agreement

31 Dec 2010 Evaluate

JSL Ltd (formerly Jindal Stainless Ltd) entered into a Power Purchase Agreement (PPA) with Grid Corporation of Orissa Ltd (Gridco), the bulk purchaser of power in the state, for its 1320 MW Independent Power Plant (IPP) proposed to be set up at Luni in Dhenkanal district at an investment of Rs 7375 crore.

With the signing of this agreement, JSL will be in a position to supply 158MW of power to the state grid on continuous basis, thereby helping the state during power crisis. Besides, JSL, through its CSR (Corporate Social Responsibility) activities, will take up environmental & development work in the Dhenkanal district.

The project has an employment potential of 2600 which includes both direct and outsourced jobs.JSL Ltd is forming a new company called JSL Energy Ltd for its upcoming IPP and this company will be registered in Orissa. JSL is also setting up a 1.6 million tonne per annum (mtpa) stainless steel plant at Kalinga Nagar Industrial Complex in Jajpur district. The first stainless steel production of 0.8 mtpa will commence from the first quarter of 2011.

Jindal Stainless Share Price

735.80 -0.90 (-0.12%)
17-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 185.90
JSW Steel 1238.35
Steel Authority 163.05
Jindal Stainless 735.80
APL Apollo Tubes 1793.70
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: