Jindal Power seeks to sell entire stake in Arunachal hydro project.

Jindal Power Ltd., a subsidiary of Jindal Steel and Power Ltd (JSPL), is looking to sell its entire stake in the 1,800-MW Kamala hydro electric power project in Arunachal Pradesh.

The company has not officially commented on the exact percentage of equity stake it plans to sell, but resolutions passed by its board – a copy which has been reviewed by BusinessLine – state that the board of directors has approved the sale of its 'entire equity share' in the Kamala project.


HBL