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Expect debt to reduce by Rs 3,000 cr in FY18 >> Jindal Steel
Ravi Uppal, MD & CEO of Jindal Steel and Power Ltd (JSPL) spoke about the latest happenings in his company and sector. "We are always looking at the various options which are in the interest of our stakeholders to see how the loans can be reduced and we have the favorable debt equity ratio", he said. He expects the growth to go up for the steel industry because the government has put the huge amount of investment in the infrastructure sector in particular.
On reducing debt, he said, "First step is to make sure that we do not add any debt and second is to reduce the debt through a gradual process".
At the end of FY18, the debt should be reduced by about Rs 3,000 crore, he added.