JPL has announced further Brownfield expansion of 2400 MW (4x600 MW) Power Plant at an estimated project cost of Rs. 13,410 crore (US $ 2.62 billion*). Order for Boiler Turbine & Generator (BTG) package was placed on BHEL in December 2008. There were 57 major packages in the project out of which 44 packages have been awarded and we are in the process of ordering the balance packages. The consent to establish was received in November, 2011 and since then the construction activity has been going on in full swing.
This project will be completed in stages in the year of 2013/14 and the same has been funded on the basis of 75:25 debt: equity. The company is in the process of syndicating the debt portion of the project and the equity portion will be arranged from internal accruals / IPO.
JPL has announced expansion at Dumka, Jharkhand 1320 MW (2X660 MW) Power Plant at an estimated project cost of Rs. 7224.00 crore (US $ 1.41 billion*). This Plant will be completed in stages in the year of 2015 and the same has been funded on the basis of 70:30 debt: equity. The Company is in the process of tie-up of debt amounting to Rs. 5057.00 crore and the equity of Rs. 2167.00 Crore will be arranged from internal accruals/ IPO.
Another Power Plant of 1320 MW (2X660 MW) at Godda, Jharkhand at an estimated project cost of Rs. 7271.00 crore (US $ 1.42 billion*) will be completed in the year of 2015 and the same has also been funded on the basis of 70:30 debt : equity. The company is in the process of tie-up of debt amounting to Rs. 2566.00 crore and the equity of Rs. 1100 crore will be arranged from internal accruals/ IPO.
- Board of Directors recommended dividend of Rs. 1.60 per equity share for FY 12.
- Currently the scrip is trading at Rs. 502.70 on BSE.
Rohit Saxena
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