In a position to recover cost increase in exports: JSPL's V R Sharma

"We are going to increase exports from 25 per cent to 35 per cent of production and even more if need be," said Sharma

Amid rising input cost, Jindal Steel & Power (Mauritius), a wholly-owned subsidiary of Jindal Steel & Power (JSPL), has prepaid $357 million to its lenders as part of its target to be net debt free in FY23. In a conversation, JSPL Managing Director, V R Sharma, tells Ishita Ayan Dutt that the company is looking to secure fluctuations on the raw material side and stepping up exports to mitigate the impact of rising cost but not at the cost of domestic customers. Edited excerpts:

What is the net debt of JSPL after prepaying $357 million?

After the prepayment, overseas net