jindal power files IPO prospectus to raise rs 7k cr

Navin jindal led Jindal power on tuesday said it has filed draftprospectus with market regulator SEBI to raise Rs7,200 cr through its maidan public issue.
Jindal power has filed a draft red herring prospectus (DHRP)with the securities and exchange board of India (SEBI), on tuesday" JPL said in a statement.
jindal power, which has sedt up the country's first mega power project- the 1000 MW O P Jindal Super Thermal power plant at Raigarh in chattisgarh, is a subsidary of Jindal Steel and Power Ltd(JSPL). the company would utilise the issue proceeds to part finance the construction and development of various thermal projects, besidesfor general corporate purpose. the equity shares pf the company are proposed to be listed on the Bombay Stock Exchange and National Exchange of India.