In a bid to part-fund its Rs 2 lakh crore capex plan, Naveen Jindal-led Jindal Steel & Power (JSPL) will spend over Rs 10,000 crore in 2012-13. The company’s plan aims to ramp up its steel making capacity to 18 million tonnes in five years.
The company has already invested about Rs 40,000 crore towards the planned investment and will keep a 2:1 debt-equity ratio for project financing.
JSPL produces around 4.5 million tonnes per annum (mtpa) at its Raigarh plant in Chhattisgarh. It is now setting up three steel facilities at Angul in Odisha, Patratu in Jharkhand and Raigarh to raise capacity to 18 mtpa.
Besides, it is setting up a 4,200 MW captive power plants in Chhattisgarh and Jharkhand. The company is also investing Rs 45,000 crore in a Coal to Liquid project in Odisha.
