Moneycontrol
Apr 27, 2012 06:28 PM IST | Source: Reuters

Jindal Steel plans $1.9 bln capex in 2012/13

Jindal Steel and Power Ltd plans to spend about Rs 10,000 crore on capital expenditure in the fiscal year that started in April, Sushil Maroo, group chief financial officer, said on a conference call

Jindal Steel plans $1.9 bln capex in 2012/13

Jindal Steel and Power Ltd plans to spend about Rs 10,000 crore on capital expenditure in the fiscal year that started in April, Sushil Maroo, group chief financial officer, said on a conference call.


Jindal, which operates a 4.5-million tonnes-a-year steel plant at Raigarh in Chhattisgarh, is adding capacity in Chhattisgarh, as well as in neighbouring Odisha and Jharkhand.

It is also setting up power plants with a capacity of 4,200 MW in Chhattisgarh and Jharkhand.

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