Jindal Steel plans Rs 5k cr power plant in Orissa

Naveen Jindal-promoted Jindal Steel and Power (JSPL) plans to build a Rs 5,000-crore thermal power plant in Orissa, a company official said. The company plans to build a 1,080-mw, coal-fired captive power plant to fuel its 6-million tonne (mt), proposed Orissa steel plant, Sushil Maroo, wholetime director, JSPL, said. About 70-80 per cent equity worth over Rs 4,000 crore will be raised through debt and the company has already approached a consortium of banks, said an executive of JSPL.

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