JSW has already set up a team of around eight officials working on the car project for the past few month
Sale is to be executed through sale of shareholding in a special purpose acquisition entity called Bina Power Supply
Even as he bails out brother Naveen, Sajjan Jindal struggles with his US assets, which he acquired to bail out his elder brother
The 1000 MW plant will be purchased by forming an SPV; sale is a part of monetisation plan of JSPL
JSPL will sell 1,000-megawatt power plant in Chhattisgarh to JSW Energy
Meanwhile, re-commissioning work of the blast furnace at Dolvi unit in Maharashtra is in an advanced stage