Started in September 2007, Indiabulls Power is in the business of developing thermal and hydro power projects. The Company has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. Projects include -

1 - Amravati Phase I Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

2 - Nashik Power Project will consist of five units of 135 MW each and two units of 330 MW each, with a combined capacity of 1,335 MW.

3 - Bhaiyathan Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

4 - Amravati Phase II Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

5 - Chhattisgarh Power Project is expected to have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

Apart from these projects, the Company is developing four medium sized hydro-power projects of 60 MW, 30 MW, 46 MW and 31 MW in Arunachal Pradesh.

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 in each of these States respectively. Besides these, several power projects are currently under evaluation in various parts of India.

Open Date : 12 Oct 2009
Close Date : 15 Oct 2009
Issue Price: Rs 40- RS 45