Financial Services

Investment Banking

Monnet Ispat Limited

Monnet Ispat Limited, an associate concern of the Jindal group promoted by Mr. Sandeep Jajodia, proposes to set up a 75 MW waste heat recovery based captive power plant. The total cost of the project is Rs 3250 mn, out of which rupee debt is Rs 2250 mn and FCCB is Rs 1000 mn

The rupee debt component has been successfully tied up with a consortium of public sector banks.