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JSPL puts off sale of power subsidiary to promoter group on investor concerns
By IANS |
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Jindal Steel & Power Ltd (JSPL).. Image Source: IANS News
New Delhi, May 24 : Naveen Jindals Jindal Steel and Power Limited (JSPL) has put off the sale of its power subsidiary to a promoter group company following concerns expressed by the investors. However, a few investors have requested the company to examine and simplify certain terms around the proposed sale, before requiring them to consider the resolutions in relation to the proposed sale. In view of the above and given the unprecedented situation of Covid-19, the company would require additional time to engage with the concerned parties for evaluating the same, JSPL said in a regulatory filing last week.
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Anil Kumar Jha appointed as new chairman of Jindal Power Limited ANI | Updated: Feb 22, 2021 19:55 IST
New Delhi [India], February 22 (ANI): Mining industry veteran and former Coal India Limited chairman Anil Kumar Jha has been appointed as the new Chairman of Jindal Power Limited, a subsidiary of Jindal Steel and Power Limited (JSPL).
Commenting on the appointment, JSPLChairman Shri Naveen Jindal said, We welcome Anil Kumar Jha to the JPL family. We are confident that with his vast experience and rich insights, JPL under his leadership will continue to scale new heights and contribute towards a self-reliant India. We wish him great success at JPL.
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Synopsis
Addressing an interactive session with the CEOs of renewable energy and power companies organised by FICCI, Raut said the policy aims to implement 17,000 MW of renewable power projects in the next 5 years.
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It is expected to create direct and indirect employment for one lakh people, along with giving priority to hybrid power projects.
New Delhi: Maharashtra s New Renewable Energy Policy will attract Rs 75,000-crore investments, said the state s Power and New & Renewable Energy Minister Nitin Raut on Thursday. Nitin Raut, Minister for Power and New & Renewable Energy, Government of Maharashtra, today while highlighting the Maharashtra s New Renewable Energy Policy said that the policy aims to promote public and private sector participation and will attract an investment of Rs 75,000 crore in power and allied sectors, FICCI said in a statement on Thursday.
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