Desperate Jindal Steel and Power mulls over selling 2,400MW plant

Guess who the potential buyers are.

DealStreet Asia reported that Jindal Steel & Power Ltd., seeking to cut debt after eight straight quarters of losses, is in talks with companies including billionaire Gautam Adani’s Adani Power Ltd. about selling a 2,400-megawatt Indian electricity plant, people with knowledge of the matter said. 

"The New Delhi-based company has been in discussions about selling the plant to Adani Power as lenders led by State Bank of India pressure the company to make divestments, according to the people, who asked not to be identified because the information is private," the report said.

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