Jindal Steel arm Jindal Power commences 250 MW capacity

Jindal Steel & Power Ltd has announced that Jindal Power Ltd (JPL), subsidiary of the Company has informed that third unit of 250 MW capacity has started generation of power for commercial purposes from June 15, 2008. With the commissioning of this Unit, JPL has now power generation capacity of 750 MW. Last unit of 250 MW is in the final stage of implementation and the total project (1000 MW) is likely to be operational by July, 2008.

The stock was trading at Rs.2095.25, up by Rs.4.50 or 0.22%. The stock hit an intraday high of Rs.2154.90 and low of Rs.2092.

The total traded quantity was 81059 compared to 2 week average of 177214.

Source : Equity Bulls

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