Jindal Power plans to tap market with Rs 10,000-crore IPO

Jindal Power plans to raise up to Rs 10,000 crore through an initial public offer, the second-biggest, for which it would approach capital market regulator Sebi later this month. The decision came at a board meeting of Jindal Steel and Power, which controls Jindal Power. JSPL is part of the $12 billion (over Rs 60,000 crore) steel-to-energy conglomerate OP Jindal Group.