In its endeavour to completely pay off its overseas debt, Jindal Steel & Power Limited through its step down subsidiary, Jindal Steel & Power (Australia) Pty Ltd, made a pre-payment of USD 105.66 million. The prepayment has helped reduce the Australian debt by approx. 50%. The company's Net Debt/EBITDA on Consolidated basis was reported at 0.96x while Standalone Net Debt/EBITDA was approx. 0.7x as of June quarter which is expected to go down further this quarter.JSPL has been working with an undeviating focus on Net debt reduction of more than INR 31,306 crores from a peak of approximately INR 46,533 crore in 3QFY17 to INR 15,227 crore as reported in Q1of 2021-22. JSPL is also focussing on maintaining minimum levels of liquidity on its balance sheet at all timeshttps://images.livemint.com/img/2021/08/10/1600x900/jindalsteelnpower-kcyD--621x414@LiveMint_1628587608373.jpg
In its endeavour to completely pay off its overseas debt, Jindal Steel & Power Limited through its step down subsidiary, Jindal Steel & Power (Australia) Pty Ltd, made a pre-payment of USD 105.66 million. The prepayment has helped reduce the Australian debt by approx. 50%. The company's Net Debt/EBITDA on Consolidated basis was reported at 0.96x while Standalone Net Debt/EBITDA was approx. 0.7x as of June quarter which is expected to go down further this quarter.JSPL has been working with an undeviating focus on Net debt reduction of more than INR 31,306 crores from a peak of approximately INR 46,533 crore in 3QFY17 to INR 15,227 crore as reported in Q1of 2021-22. JSPL is also focussing on maintaining minimum levels of liquidity on its balance sheet at all timeshttps://images.livemint.com/img/2021/08/10/1600x900/jindalsteelnpower-kcyD--621x414@LiveMint_1628587608373.jpg
