Jindal Steel & Power Ltd to invest Rs 20,000 cr to augment power business

Naveen Jindal-led JSPL is looking to invest about Rs 20,000 crore in its power business to take the generation capacity to 8,600 MW in the next five years.

“Jindal Steel & Power Ltd (JSPL) has planned an additional capacity of 3300 MW in Jharkhand and Andhra Pradesh with an investment of Rs 20,000 crore by 2020,” Group CEO and Managing Director Ravi Uppal told PTI in an interview.

The company’s present capacity is 5,300 MW including 3400 MW of its arm Jindal Power.

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