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Jindal St & Pwr - Meeting Updates 05/01/2018 16:15

In accordance with the provisions of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we hereby inform you that a meeting of the Nomination and Remuneration Committee of Jindal Steel & Power Limited (the "Company") was held today, at 12:45 P.M. and concluded at 01:45 P.M., for grant of 51,21,735 options convertible into equal number of equity shares of the Company, to the eligible employees of the Company under the JSPL Employee Stock Option Plan, 2017 at an exercise price of Rs. 244.55/ - per option.

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