Jindal Power (JPL) Is looking To Raise Rs. 7,000 Crore With Its Initial public Offer (IPO) Which Is Ready To Step In Market By March Or April 2011, The Statutory & Other Necessary Clearance Is Done. But The 'IPO' Will Depend On The Market Conditions & The Company Is Waiting For The Right Time To Inject In The Market, This Ipo Will help Them In Partially Fund On The 22,000 Crore Expansion Projects Of The Company In Chhattisgarh & Jharkhand,
JPL Will Provide 35% Of The Power Produced from Its Chhattisgarh Project To CSEB & Sell The Rest In Time Period Of Short - Medium & long Term Agreements.
