Comments
Jindal Steel and Power Ltd (JSPL) has commissioned its third unit of 135 MW at Dongamahua, Raigarh, in Chhattisgarh, which has increased its total power generation capacity to 917 MW.
JSPL is setting up a total of 10 units of 135 MW each, of which six are at Angul in Orissa and four at Raigarh in Chhattisgarh, the company said in a note to the Bombay Stock Exchange.
With the commissioning of third unit in Raigarh on January 1, a total of four units have started commercial operations. In October 2011, JSPL had said it would commission seven units of 135 MW by the end of the current financial year.
The JSPL stock ended 3 per cent down at Rs 466.25 on the BSE on Friday. The power business accounts for 30 per cent of JSPL's revenues, while the steel business accounts for the rest. JSPL reported a consolidated net profit of Rs 395.79 crore on revenues of Rs 3,338 crore for the September quarter.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.