Jindal Power Likely To Get Listed

Jindal Steel is mulling to list its power subsidiary Jindal Power and is considering pre placement of initial public offer (IPO) to private equity players.Jindal Steel & Power Ltd, the promoter of Jindal Power Ltd, is considering unlocking value for its shareholders through its power venture. Jindal Power is aiming to increase its capacity to 6000 MW over next few years. Moreover, the 1000 MW plant at Chhattisgarh is getting completed and it is likely to contribute to revenues in a significant way helping Jindal Steel to get rerated.