JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD
Jindal Steel and Power Limited (JSPL) will invest up to Rs 1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for Rs 410 crore through the insolvency route. The 1,050 megawatts (MW) under-construction coal-based powe...
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities
Uniparts India debuts today Engineered systems manufacturer
Uniparts India is on December 12 expected to list at a premium of around 10 percent over the issue price. Though the IPO, which was a complete offer of sale, was subscribed 25.32 times, has reasonable valuations and the company’s financial position is healthy, the listing premium is lower than expected, say analysts. In the grey market, the premium has been hovering around 10 percent over the final issue price of Rs 577, wh...
Key Stock News: Uniparts India, Air India, Jaiprakash Associates, Mahindra Holidays & Resorts India, Paytm - ARETE Securities
