Jindal Steel and Power in talks to sell Chhattisgarh power plant for over $1.5b

Jindal Steel and Power in talks to sell Chhattisgarh power plant for over $1.5b

Photo: Bloomberg

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter