Jindal Steel & Power (JSPL) has a steel production capacity of 3.5 million tonne (mn t) at present, which the firm expects to raise to 15 mn t by 2020.
This would make the company the fourth largest steel maker from its current position of sixth. In 2013-14, additional 7 mn t would be commissioned in Angul (Odisha) and Oman, a leading official of the firm is quoted as saying in a media.
The company has a total debt to equity ratio of about 0.85. We are conservative on debt. It is in the range of approximately Rs 14,000-15,000 crore.
As part of its strategy to acquire mines, JSPL is eyeing the assets of Gujarat NRE. The company feels that Gujarat NRE has some of the best mines that are producing hard coking coal. The mines are situated 120 km south of Sydney and just 8 km from the port.
Meanwhile, the company prefers to avoid overseas debt because of uncertainty in exchange rates, while borrowing in foreign currencies. JSPL has not raised any funds from overseas market so far.
FlashNews:
REC Reports Record Half-Yearly Profit of ₹74.48 Billion
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Gods or Demi-Gods cannot prevent a stampede
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
RAHSTA will drive road construction innovation: Sundaresan
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Road construction industry to launch RAHSTA Expo 2024
Home » JSPL to raise steel production capacity
JSPL to raise steel production capacity
Materials
February 12, 2013February 12, 2013
Leave a Reply
You must be logged in to post a comment.