Jindal Power, a subsidiary of Jindal Steel & Power Ltd. (JSPL) is planning to come up with an Initial Public Offering (IPO), which may hit the markets in the near future

According to company's website, Jindal Power Ltd. has set up India’s first mega power project in the private sector at Raigarh, Chhattisgarh. The Company has invested approximately Rs. 4338 crore for setting up a 1000 MW power plantAll four units (250 MW each) were commissioned within a span of nine months

Stay tuned for the latest on Jindal Power IPO!

Jindal Power Limited (JPL), a part of the O P Jindal Group, plans to hit the capital markets with an IPO of Equity Shares through 100% book building method. The company has filed Draft Red Herring Prospectus with SEBI

Jindal Power Ltd. is a subsidiary of Jindal Steel & Power Ltd. (JSPL) and part of the O P Jindal Group

The number of IPOs of Power companies is increasing with Power companies such as JSW Energy, IndiaBulls Power, Adani Power already completing their IPOs whereas other power companies such as Sterlite Energy are expected to approach the capital markets soon to raise funds for their projects.

Check back Indian IPO Blog for more details on Jindal Power IPO such as IPO Opening and Closing Dates, Issue Size, Price Band, Bid Lot and other details will be updated soon