JSW Group plans $4 billion investment in its power business

As reported in an interview with CNBC, he said that JSW group is in talks to acquire 4,000 MW of JP Hydro's assets.

Jan 27, 2015 02:01 IST India Infoline News Service

Sajjan Jindal, CMD of JSW Steel, is planning to pump in $4 billion to increase the group's share in the power business. As reported in an interview with CNBC, he said that JSW group is in talks to acquire 4,000 MW of JP Hydro's assets. They have already acquired 4,500 MW and their target is 10,000 MW.

In terms of investment, he said, "We are looking at a secured kind of business where we have both ends covered with the coal mine and the PPA in place and with a fixed return-on-equity (RoE). Therefore, the outlay is not really of great significance because we are looking at RoE.

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