Jindal Steel and Power Ltd’s (JSPL), board will consider issuance of securities to qualified institutional investors (QIP) on Friday.
The company works under segments of steel, power, mining and infrastructure sectors. It operates coal-based sponge iron plant and has an installed capacity of 3 MTPA (million tonnes per annum) of steel at Raigarh in Chhattisgarh.
Further, in a BSE filing the company stated, “A meeting of the board of directors of the company is scheduled to be held on Friday, the March 16, 2018 to, inter-alia, consider issuance of securities to qualified institutional buyers by way of qualified institutions placement.”
