Jindal Steel and Power is in advanced talks with several parties to sell some of its steel and mining assets and hopes to close a $976 million power plant deal earlier than a mid-2018 deadline, its CEO told Reuters.
Jindal Steel on Tuesday signed a deal to sell a 1,000 megawatt power plant to billionaire Sajjan Jindal's JSW Energy Ltd in a deal valued at up to $976 million. Jindal Steel is majority owned by Sajjan's brother Naveen.
