India: JSW eyes port acquisitions, to cut steel unit debt

India:  JSW eyes port acquisitions, to cut steel unit debt

Indian conglomerate JSW Group, whose businesses range from power to steel and cement, is looking to buy debt-laden port assets in the country as part of a strategy for a massive expansion of its ports capacity, its chief financial officer said.

At the same time, the group plans to cut debt at its steel unit, CFO Seshagiri Rao told Reuters in a recent interview.

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