Naveen Jindal Group
Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, Delhi, 110066, India
Overview
Jindal Power is a power company in India across the energy spectrum thermal, hydro, and renewable. JPL has been contributing significantly to the growing need for power in the country and its installed capacity is 3400 MW. JPL commissioned the first unit of its 4x250 MW thermal power plant in the Raigarh district of Chhattisgarh in 2007, becoming the first private player in the country to set up an Independent Power Plant (IPP). Since then, this flagship has operated as a fully integrated power plant at an industry-leading Plant Load Factor (PLF) of 93% (average for last seven years).
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Energy
- Power Grid
- Renewable Energy
Investment portfolio
- FuelBuddy
Participated · Equity · Jan 2023
FuelBuddy operates a mobile energy distribution platform and is positioning itself to become an "energy-as-a-service" provider beyond traditional fuel delivery. The company has expanded into lubricants through partnerships with Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL). It claims more than 45,000 customers and operations in over 130 cities, and is extending services into tier-two and tier-three cities and rural areas. FuelBuddy plans geographic expansion across India, the MENA region, South East Asia, Africa, South Asia, and Dubai. The company intends to use new funding to enhance its technology and broaden its portfolio to include alternative energies such as EV charging and gas. Recent capital will support both domestic scaling and international market entry.
Team
No current team members are available.