Anupama Airy Country's top corporate houses including the Tatas, Mukesh Ambani-controlled Reliance Group, the Jindals along with the Adani Group and others will now have to compete and outbid each other to secure rights for a cluster of coal blocks

Naveen Jindal-promoted Jindal Steel and Power (JSPL) plans to build a Rs 5,000-crore thermal power plant in Orissa, a company official said. The company plans to build a 1,080-mw, coal-fired captive power plant to fuel its 6-million tonne (mt), proposed Orissa steel plant, Sushil Maroo, wholetime director, JSPL, said. About 70-80 per cent equity worth over Rs 4,000 crore will be raised through debt and the company has already approached a consortium of banks, said an executive of JSPL.

Paving the way for Reliance Power, NTPC and three other companies to rebid for projects, the Uttar Pradesh power regulator has allowed the Uttar Pradesh Power Corporation (UPPCL) to seek fresh financial bids for proposed power plants at Bara and Karchhana in Allahabad district. Jindal Steel and Power, JSW Energy and CESC are the other firms that can also submit their revised bids for the two thermal power projects. "All the eligible bidders have been asked to submit their revised financial bids by June 13," sources added.

To enhance capacity to 3,140 MW by April 2011
CHENNAI: JSW Energy, a part of Sajjan Jindal-led JSW group, is planning to set up power plants in different locations by 2015.