Page 4 - Jindal Steel And Power Limited

JSPL aims to reduce net debt to below Rs 30,000 cr level in next two years

Jindal Steel & Power (JSPL) on Sunday said it has set a target of reducing its net debt by more than Rs 10,000 crore to below Rs 30,000 crore in the next two years. "JSPL has set target to reduce its net debt by more than Rs 10,000 crore to below Rs 30,000 crore and take EBITDA (earnings before interest, tax, depreciation and amortization) to more than Rs 12,000 crore on a consolidated yearly basis over the next two years," a company statement said. JSPl chairman Naveen Jindal disclosed his plans at the company's 40th AGM in Hisar on September 27, 2019. Jindal said, though there is slowdown, the company is comfortably placed in the market with value added and niche products. The company would be more aggressive in marketing its products and would continue to look to divest the non-core assets, to reduce debt to the target level, he added. "The company has successfully reduced its net debt by more than Rs 4,000 crore in the last fiscal and will continue to work towards doubling the

Steel stocks gain as govt allows SAIL to sell iron ore from captive mines

The move by the ministry through two separate notifications on September 16 is seen as an effort to reduce concerns regarding the expiry of mines.

JSPL sells Botswana Coal Mine for $150 mn to pare debt at parent level

Firm has a total outstanding debt of Rs 40,000 crore as on March 2019

JSPL eyes larger share in railway order after debut, looks at big projects

For JSPL, it took about 15 years to challenge the SAIL monopoly in rail supply to the Indian Railways

Jindal Steel and Power Q2 loss narrows to Rs 499 cr

Jindal Steel and Power Q2 loss narrows to Rs499 crore