Jindal Steel to form JVs in steel, sell power assets in India to pare debt

Jindal Steel to form JVs in steel, sell power assets in India to pare debt

JSPL chief executive Ravi Uppal says his company has already rescheduled loans with some of its lenders. Photo: Pradeep Gaur/Mint

Struggling Jindal Steel and Power Ltd (JSPL) will try to sell stakes in certain units of its steel business, set up joint ventures with companies in Asia and Europe and seek a buyer for its power assets in India, in an effort to pare debt, chief executive officer Ravi Uppal said.

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