Jindal Steel To Pare Debt

Jindal Steel and Power Ltd (JSPL), an O P Jindal company, is planning to bring down its debt-equity ratio from 1:1 in the next two years.

At present the total debt component of the company is estimated at Rs 800 crore. The company is talking to its existing lenders for pre-payment of Rs 150 crore in the next four-six months.