JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD

Jindal Steel and Power Limited (JSPL) will invest up to Rs 1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said.

The investment will be made over the period of the next 12 to 18 months, he said.

In December 2022, the steelmaker acquired debt-laden Monnet Power for Rs 410 crore through the insolvency route.