02-15-2008, 09:54 PM
<b>Jindal Group mulling to launch mega thermal, hydel power projects</b>
Feb 15, 2008
The BC Jindal Group Friday announced its move into the power space with plans of investing over Rs 20,000 crore to produce 5,000 mW power in the next five years.
According to sources in the company, Jindal India Thermal Power plans to carry out its three coal-based power projects for a total of 4,300 mW in Orissa, Madhya Pradesh and Chhattisgarh.
The firm also proposes to venture into hydel power production, with plans to establish a 1,000 mW project in North India at a cost of Rs 6,000 crore.
A senior company official said MoUs have been signed with the state governments of Orissa and Chhattisgarh for establishing plants there, while an MoU with the Madhya Pradesh government is scheduled to be signed on Saturday, sources said.
Feb 15, 2008
The BC Jindal Group Friday announced its move into the power space with plans of investing over Rs 20,000 crore to produce 5,000 mW power in the next five years.
According to sources in the company, Jindal India Thermal Power plans to carry out its three coal-based power projects for a total of 4,300 mW in Orissa, Madhya Pradesh and Chhattisgarh.
The firm also proposes to venture into hydel power production, with plans to establish a 1,000 mW project in North India at a cost of Rs 6,000 crore.
A senior company official said MoUs have been signed with the state governments of Orissa and Chhattisgarh for establishing plants there, while an MoU with the Madhya Pradesh government is scheduled to be signed on Saturday, sources said.