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Jindal Steel & Power Ltd on a major expansion drive.

Jindal Steel & Power Ltd. is on a major expansion drive. Following the proposed acquisition of Rocklands Richfield (Deal #4), JSPL may gain access to the company’s China-based metallurgical coke-manufacturing facility, and three coalfields in Australia. For Rocklands Richfield’s shareholders, the deal offers good valuation at a 35 per cent premium over the current market price.

Print Edition: November 1, 2009

Jindal Steel & Power Ltd. is on a major expansion drive. Following the proposed acquisition of Rocklands Richfield (Deal #4), JSPL may gain access to the company’s China-based metallurgical coke-manufacturing facility, and three coalfields in Australia. For Rocklands Richfield’s shareholders, the deal offers good valuation at a 35 per cent premium over the current market price.

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