July 24, 2016 12:46 AM ET

Electric Utilities

Company Overview of Jindal Power Limited

Company Overview

Jindal Power Limited operates, implements, generates, and provides thermal, hydro, and renewable electric power to households, industries, and farmers. The company was incorporated in 1995 and is based in New Delhi, India with plants in India, Mozambique, and Senegal. Jindal Power Limited operates as a subsidiary of Jindal Steel & Power Ltd.

Jindal Centre

12, Bhikaji Cama Place

New Delhi,  110 066

India

Founded in 1995

Phone:

91 11 2618 8340

Fax:

91 11 2616 1271

Key Executives for Jindal Power Limited

Chief Executive Officer and Whole Time Director
Age: 63
President
Senior Vice President of Finance & Accounts
Age: 52
Chief Executive Officer of Hydro Projects
Age: 65
President of Hydro
Age: 65
Compensation as of Fiscal Year 2016.

Jindal Power Limited Key Developments

JSW Energy Reportedly Set To Acquire 1,000 MW Power Plant

JSW Energy Limited (BSE:533148) is reportedly set to acquire a 1,000 MW Jindal Power plant for about INR 60 billion, two persons familiar with the matter told Economic Times. Jindal Power Limited is owned by Jindal Steel & Power Ltd. (NSEI:JINDALSTEL) "The broad contours of the deal have been almost finalised and it is likely to be announced shortly," one of these persons said. "As per company policy, we do not respond to speculations. As part of monetisation plans already advised, JSPL is looking at various options diligently to strengthen our balance sheets," a Jindal Steel & Power spokesperson said. A JSW Energy spokesperson, however, declined to comment.

Adani Reportedly In Advanced Talks To Buy Jindal Power

According to four sources compiled by the Economic Times, Jindal Steel & Power Ltd. (NSEI:JINDALSTEEL) is in advanced discussions with Adani Enterprises Limited (BSE:512599) to sell its power generating subsidiary Jindal Power Limited. The transaction is said to value Jindal Power between 18-20 billion inclusive of debt.

NHPC In Talks To Sell 4,600 MW of Hydro Power Projects

NHPC Ltd. (BSE:533098) is in talks with private firms such as NCC Limited (BSE:500294), Lanco Infratech Limited (BSE:532778) and Jindal Power Limited to take over 4,600 MW of hydro power projects in states like Sikkim and Arunachal Pradesh. NHPC's Chairman and Managing Director K M Singh said private firms have approached NHPC to sell their plants.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 3, 2016
Jindal Power Limited, 1000 MW Thermal Plant in Chhattisgarh
Merger/Acquisition
March 14, 2016
Indian Energy Exchange Limited
Merger/Acquisition
November 14, 2015
Jindal Steel & Power Ltd., Captive Power Plants Situated Angul and Raigarh
 

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