Indiabulls Power IPO Information

Issue Opens: 12 October 2009 to 15 October 2009
Issue Price Band: Rs. 40 to Rs. 45
Face Value: Rs. 10
Issue size: Rs. 1360 - 1530 cr

Incorporated in 2007, Indiabulls Power Limited is a power project development company. The company develops and intends to operate and maintain power projects in India. The Company is a subsidiary of Indiabulls Real Estate, listed on the bourses.

It doesn't have, at the moment, any operating power plants.

Indiabulls Power Ltd has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. These projects include:

1. Amravati Phase-I (1320 MW)
2. Amravati Phase-II (1320 MW)
3. Nasik (1335 MW) in Maharashtra
4. Bhaiyathan Thermal Power Project (1320 MW)
5. Chhattisgarh Power Project (1320 MW) in the State of Chhattisgarh.

Indiabulls is also developing four medium size Hydro Power Projects in Arunachal Pradesh aggregating to 167 MW. Indiabulls has also entered into MoUs with the Govt. of Madhya Pradesh and Jharkhand for setting up of 2640 MW & 1320 MW Thermal Power Projects.

Uploaded at 10/07/2009 08:30:00 PM
by Chinmay
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