The company, sources said, are looking at about 1,800 acres of the land for the project, which is likely to be executed in five years. It has already acquired about 300 acres of land.
The Centre would consider later this month granting environment clearance to the proposed 6
million tonne steel plant by Jindal Steel and Power Ltd ( JSPL ) in Jharkhand.
"The Ministry of Environment and Forest (MoEF) will consider the proposal for environment nod to JSPL's proposed plant in East Singhbhum district in the state on April 28," an official source said.
The Ministry's Expert Appraisal Committee (Industry) will look into the issue, the source said.
Naveen Jindal-led JSPL proposes to set up an integrated greenfield steel plant and 1,320 MW captive power plant projects, entailing about Rs 22,000 crore investment at Asanboni, Potka in East Singhbhum district of Jharkhand.
Sources said the Jharkhand State Pollution Control Board had a public hearing on the project last month. The company, sources said, are looking at about 1,800 acres of the land for the project, which is likely to be executed in five years. It has already acquired about 300
acres of land.
Jindal Steel stock price
On April 16, 2014, Jindal Steel & Power closed at Rs 269.30, up Rs 0.45, or 0.17 percent. The 52-week high of the share was Rs 347.75 and the 52-week low was Rs 181.55.
The company's trailing 12-month (TTM) EPS was at Rs 14.63 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 18.41. The latest book value of the company is Rs 134.95 per share. At current value, the price-to-book value of the company is 2.00.
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