We aren't interested in spending outside the country: Jindal Steel MD

In a Q&A, V R Sharma says the Oman asset sale has helped ease the firm's balance sheet; the deal was part of a plan to prune the company's debt by about a third

Jindal Steel & Power (JSPL) is witnessing a marked shift in all its businesses. In steel, its focus is being driven by the domestic market with the sale of its last foreign asset in Oman. With a comfortable coal supply, the company, which had captive mines prior to deallocation, might skip the commercial mining auction. Managing Director V R Sharma talks to Aditi Divekar & Shreya Jai about JSPL's transition. Edited excerpts:

How is the steel demand pattern in the domestic market?

Domestic demand has started to pick up mainly from the infrastructure sector, which includes the pipe and irrigation industry.