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.