"JSPL has also implemented a project, which will qualify for 5/25 scheme and is in discussion with the banks for various financing options including 5/25 scheme," the firm said in a regulatory filing today.
Considering the need to allow longer repayment period for term loans to projects, which require elongated servicing period, RBI announced 5/25 scheme.
JSPL shares today fell marginally by 0.09 per cent to settle at Rs 57 apiece on the BSE.
The firm's shares took a beating on the bourses for the last two days amid concerns over its debt situation.
Fund houses have exposure worth more than Rs 2,000 crore to JSPL Group's debt instruments, sources said.
The steel-to-power Group has significant debt. For the 2014-15 fiscal, JSPL had a consolidated net debt of Rs 42,929 crore against a net debt of Rs 35,419 crore in 2013-14.
In an investor presentation on its third quarter results, the company said the focus would be on reducing working capital - receivables and inventories - as well as exploring options to reduce interest costs.
In a regulatory filing yesterday, JSPL said: "The company has been pursuing monetisation actions as previously indicated/available in the public domain and will come out with the appropriate announcement as and when any transaction is concluded."
Total income fell to Rs 4,366.89 crore from Rs 5,078.93 crore during the same period.