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  • JSPL's power plant sale merits a higher price and a simpler structure May 26, 2021 10:12 AM IST

    JSPL's power plant sale merits a higher price and a simpler structure

    The initial sale price by JSPL implies a steep 55 percent discount to the replacement cost of the power plants

  • Coal ministry offers 67 more blocks under new set of commercial auctions Mar 25, 2021 01:10 PM IST

    Coal ministry offers 67 more blocks under new set of commercial auctions

    Out of these, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. During the first round of auctions held last year, 19 mines received successful bids, out of the 38 on offer.

  • Jindal Steel and Power: Deleveraging, low-cost iron ore and higher utilisation to support earnings Nov 03, 2020 10:43 AM IST

    Jindal Steel and Power: Deleveraging, low-cost iron ore and higher utilisation to support earnings

    Concerns on the operating performance of international subsidiaries of Jindal Steel and Power remain. Almost two-thirds of power assets remain idle due to lack of demand

  • Akhauri Rajesh Sinha takes over as chairman of Jindal Power Oct 21, 2019 05:57 PM IST

    Akhauri Rajesh Sinha takes over as chairman of Jindal Power

    A company official said that Sinha was appointed as chairman of Jindal Power earlier this month, following which he took over last week.

  • CARE reaffirms stable outlook on Jindal Power Oct 05, 2018 02:55 PM IST

    CARE reaffirms stable outlook on Jindal Power

    "CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, Chhattisgarh," JSPL said in a statement on Friday.

  • INTERVIEW: JSPL open to exit from overseas mining assets, says Naveen Jindal May 24, 2018 09:52 AM IST

    INTERVIEW: JSPL open to exit from overseas mining assets, says Naveen Jindal

    Naveen Jindal talks about, among other things, his plan to keep working on cutting his company’s debt by Rs 5,000 crores to Rs 6,000 crore for three consecutive years and listing JSPL’s Oman unit.

  • Delhi HC upholds govt decision to cancel JSPL coal block bids Mar 09, 2017 05:25 PM IST

    Delhi HC upholds govt decision to cancel JSPL coal block bids

    In a setback to Jindal Steel and Power (JSPL), the Delhi High Court has upheld the decision of the government to cancel Jindal Power's bid for the Gare Palma and Tara blocks.

  • JSPL CFO K Rajagopal resigns Nov 22, 2016 08:00 AM IST

    JSPL CFO K Rajagopal resigns

    "K Rajagopal, has resigned from the position of CFO and he will relinquish his office from the close of business hours on November 21, 2016," it added.

  • Motilal's Fin Serv arm buys 4.1% stake in Indian Energy Exchange Mar 30, 2016 05:22 PM IST

    Motilal's Fin Serv arm buys 4.1% stake in Indian Energy Exchange

    India Business Excellence Fund-II and India Business Excellence Fund-IIA, funds managed and/or advised by MOPE Investment Advisors Private Ltd has acquired 4.1 percent stake in IEX from Jindal Power Ltd for a total consideration of Rs 98 crore, MOPE Investment Advisors said in a press release.

  • JSPL up 3%, arm to divest 4.12% stake in India Energy Exchange Mar 15, 2016 09:46 AM IST

    JSPL up 3%, arm to divest 4.12% stake in India Energy Exchange

    "As part of the monetisation plan already advised, Jindal Power, a subsidiary company of JSPL has entered into a definitive agreement to divest 4.12 percent holding in India Energy Exchange at an undisclosed," says the company in its filing.

  • Jindal Power to sell 4.12% stake in IEX by March-end Mar 14, 2016 09:48 PM IST

    Jindal Power to sell 4.12% stake in IEX by March-end

    Jindal Steel and Power (JSPL) today said its subsidiary Jindal Power has entered into a definitive agreement to divest 4.12 percent stake in Indian Energy Exchange for an undisclosed amount by month-end.

  • Co to sell stake in JPL, reduce standalone power assets: JSPL Mar 11, 2016 10:38 AM IST

    Co to sell stake in JPL, reduce standalone power assets: JSPL

    Ravi Uppal, MD & CEO of JSPL says that the company has been approached by various parties for JPL stake as well as for standalone power assets.

  • JSPL sinks 7%, foreign lenders mull recalling loans to company Mar 09, 2016 12:49 PM IST

    JSPL sinks 7%, foreign lenders mull recalling loans to company

    By the end of March 2015, the company had consolidated debt of Rs 42,252 crore, increased significantly from Rs 34,230 crore in March 2014.

  • JSPL to sell partial or complete stake in power subsidiary: Srcs Mar 02, 2016 01:46 PM IST

    JSPL to sell partial or complete stake in power subsidiary: Srcs

    The company is aiming to raise nearly Rs 20,000 crore from the stake sale. Of this, sources say it may fetch about Rs 15,000 crore from JPL's sale.

  • Jindal Power, GMR ask NHPC to take over hydro projs or form JV Feb 09, 2016 03:48 PM IST

    Jindal Power, GMR ask NHPC to take over hydro projs or form JV

    A hydro power project being executed by GMR in Himachal Pradesh has also been offered to NHPC on ownership basis.

  • RPower's Sasan UMPP pulls off highest load factor at 98.2% Dec 15, 2015 03:25 PM IST

    RPower's Sasan UMPP pulls off highest load factor at 98.2%

    "Reliance Power logged the highest PLF of 98.2 percent in November 2015 as Sasan UMPP outperformed industry average of 60.6 percent in November 2015," an IDFC Securities report stated.

  • BHEL commissions 2,400 MW OP Jindal thermal power project Apr 16, 2015 01:44 PM IST

    BHEL commissions 2,400 MW OP Jindal thermal power project

    State-run power equipment maker BHEL today said it has fully commissioned 2,400 MW OP Jindal thermal power project in Chhattisgarh.

  • Govt to decide fate of 8 coal blocks' allotment this week Mar 17, 2015 03:43 PM IST

    Govt to decide fate of 8 coal blocks' allotment this week

    According to sources, the govt may not seek IMC deliberation on 5 coal blocks auctioned in phase 2

  • Hindalco tanks 6%, govt may re-examine bids for coal blocks Mar 16, 2015 03:20 PM IST

    Hindalco tanks 6%, govt may re-examine bids for coal blocks

    Shares of Hindalco Industries fell more than 6 percent intraday Monday on fears that the government may re-examine bids for coal blocks auctioned in schedule 3.

  • IMC submits recos on 3 coal block re-auctioning Mar 13, 2015 03:33 PM IST

    IMC submits recos on 3 coal block re-auctioning

    The central government will be taking the final decision on whether to re-auction these three coal mines or not based on the report submitted by the committee.

  • Govt gets details of re-examination of 3 coal block winners Mar 10, 2015 03:41 PM IST

    Govt gets details of re-examination of 3 coal block winners

    The government may also re-auction the blocks sent for re-examination to derive true value of the blocks. However, it has been learnt that the government is yet to decide on re-auctioning blocks sent for re-examination.

  • Jindal Steel soars 8%, power unit gets Tara coal block Mar 09, 2015 01:32 PM IST

    Jindal Steel soars 8%, power unit gets Tara coal block

    Shares of Jindal Steel & Power (JSPL) gained more than 8 percent intraday Monday after power generation unit Jindal Power won Tara coal block in Chhattisgarh for Rs 2,103 crore.

  • Coal auction: Odisha's Mandakini block up for grabs today Mar 05, 2015 09:01 AM IST

    Coal auction: Odisha's Mandakini block up for grabs today

    On day 2, government is putting up the largest reserves meant for the power sector. The coal block for the auction today is Mandakini coal block situated in Odisha. It has reserve of about 287.88 mt (extractable).

  • Govt begins second round of coal mine auctions Mar 04, 2015 02:43 PM IST

    Govt begins second round of coal mine auctions

    Government on Wednesday began the second round of coal mine auctions by putting on offer four blocks – all in Jharkhand – with firms including Adani Power, JSW Steel, SAIL and BALCO in the race.

  • Second round of coal auction to be held on March 4 Feb 24, 2015 07:35 PM IST

    Second round of coal auction to be held on March 4

    Coal Secretary Anil Swarup tweeted, "Announcement of qualified bidders for Schedule 3 Coal Blocks on March 2. Auctions (of schedule III mines) to be held from March 4-8."

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