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Jindal Power looks to cut stake in SPV executing India’s largest hydel project

Jindal Power looks to cut stake in SPV executing India’s largest hydel project

Jindal Steel and Power Ltd’s wholly-owned subsidiary Jindal Power Ltd is looking to sell part of its 74 percent stake in special purpose vehicle (SPV) that's setting up the Rs 20,000 crore Etalin Hydroelectric Project in Arunachal Pradesh, according to Ravi Uppal, the MD and Group CEO of the New Delhi-headquartered Naveen Jindal Group.

With a capacity of 3,097 MW, it would be the country’s largest hydro electric power project, the title currently held by the 1,096 MW project on river Koyna in Maharashtra. read more →

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