Jindal Steel & Power eyes more asset sales, may put mines on the block

Jindal Steel & Power eyes more asset sales, may put mines on the block

Photo: Bloomberg

Naveen Jindal’s flagship steel company Jindal Steel and Power (JSPL) is looking to sell its overseas mining assets and focus on the India business instead, a senior company official told Mint. With commercial mining opportunities coming up soon in both coal and iron ore sectors, the firm is keen to divest these high-debt assets and use the proceeds to invest in its home market and reduce its debt instead.

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