Investors force Jindals to revise terms of JPL selloff plan While recommending shareholders to reject the proposal, Ingovern said the enterprise value of JPL should be in the range of Rs 10,000-12,000 crore, considering similar deals in the recent past. Synopsis Jindal Power, one of the biggest subsidiaries of JSPL, operates across the energy spectrum – thermal, hydro, renewable. It has an installed capacity of 3400 MW, comprising four units of 250 MW and four units of 600 MW capacity. MUMBAI: Facing pushback from his shareholders, Naveen Jindal, chairman of Jindal Steel and Power, is considering simplifying the proposed plan to sell the firm’s power business to himself, people in the know said.