Jindal plans new Simar plant
The Jindal Group is setting up a 2,000MW power plant near Simar port on the coast of Gujarat. Project cost is estimated at Rs100bn. Jindal signed an MoU with the state government last year. It has also identified the location and has started seeking various approvals for the plant. Once these are in place, it intends to start construction with a COD target three years later. Domestic banks are expected to support the project.
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