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Jindal Steel & Power

1,009 bytes added, 21:34, 27 June 2011
SW: add section on bids for coal projects in Australia
It also states that a further 600 megawatt power plant at Godda, Jharkhand would be completed in 2014 at an estimated project cost of Rs. 3666.00 Cr. (US $ 0.82 billion)on the basis of 70:30 debt:equity."<ref name="JP"/> The company refers to the proposed plant as the [[Godda Project]].
 
==Overseas expansion plans==
 
Jindal Steel and Power is looking to expand its overseas mining interests. In particular it:
 
* is one of the companies assessing a possible bid for [[Bandanna Energy]], a Australin Stock Exchange listed company which holds 16 exploration permits in the Bowen and Galilee basins in Queensland, Australia;<ref>Utpal Bhakshar, [http://online.wsj.com/article/SB10001424052702304259304576374340626969386.html?mod=googlenews_wsj "Second phase begins in race for Bandanna"], ''Wall Street Journal'', June 8, 2011.</ref>
* is seeking to expand on its 14.% share in [[Rocklands Richfields]], an Australian company which has exploration titles to coal deposits in the Bowen Basin of Queensland and a 480,000-tonnes per annum coking coal plant located in eastern China.<ref>[http://www.business-standard.com/india/news/jindal-steel-may-be-second-time-unluckyrocklands/438601/ "Jindal Steel may be second time unlucky with Rocklands"], ''Business Standard'' (India), June 10, 2011.</ref>
==Personnel==
developer, Administrators
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