 "Coal")
Naveen Jindal-promoted Jindal Steel & Power Limited (JSPL) has sold off its Botswana coal mine, one of its major international ventures. The asset has been sold to Maatla Energy for $150 million.
The sale is part of the company’s plan to monetise its global assets to pare debt at the group level. JSPL has a total outstanding debt of Rs 40,000 crore as on March 2019. Responding to an emailed query, a company spokesperson was silent on the buyer’s name, but confirmed the sale of the project.
“The Company has entered into a share purchase agreement to divest its stake
