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Jindal Steel & Power arm to set up 1600 MW Hydro Electric Power Project

Posted On: 2009-11-24 03:24:40

Jindal Steel & Power Ltd has announced that Jindal Power Ltd. (JPL), a subsidiary Company will be setting up Subansiri Middle 1600 MW hydro electric power project in Arunachal Pradesh on river Kamla, a Tributary of river Subansiri pursuant to Memorandum of Agreement entered into by and between Government of Arunachal Pradesh, Hydro Power Development Corporation of Arunachal Pradesh Ltd. and JPL.

JPL has received Survey License from Ministry of Energy, Nepal for setting up 220 MW Chainpur Seti hydro electricity project in Nepal.

The stock was trading at Rs.705.20, down by Rs.15.15 or 2.10%. The stock hit an intraday high of Rs.725 and low of Rs.700.20.

The total traded quantity was 641093 compared to 2 week average of 765857.


Source: Equity Bulls

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