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.
| 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.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
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.
MoneyWorks4Me ensures this through: