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Jindal Poly Films Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2008, approved an investment upto Rs 250 crore (including premium, if any) in one or more tranches in the form of acquisition / subscription of Equity Shares of Jindal India Powertech Ltd, which will be the holding Company of power generating Company - Jindal India Thermal Power Ltd (JITPL). JITPL is setting up a 1200 MW Power Project in Orissa, which is being implemented in 2 (two) phases (600 MW in each phase).

Tags: Jindal Poly

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