Jindal Steel and Power (JSPL) is reportedly in talks with Hyderabad-based Kineta Power to buy its 1,320-megawatt (MW) coal-based power plant at Nellore in Andhra Pradesh. The project is currently under implementation and has already received forest and defence clearance. Further, the cost of setting up the power plant is around Rs 5,000 crore.
Kineta Mines and Minerals is primarily engaged in export of iron ore and are also the suppliers of burnt lime, limestone and dolomite.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
Kineta Mines and Minerals is primarily engaged in export of iron ore and are also the suppliers of burnt lime, limestone and dolomite.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
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