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JSPL to split its businesses to trim Rs 42,000 crore debt: Report

04 Sep 2018 Evaluate

Jindal Steel & Power (JSPL) is reportedly planning to split its international, power and steel businesses into three separate entities as part of restructuring. This will help the company to trim its Rs 42,000 crore debt and boost investors’ confidence. 

The company’s international business would include the Oman steel plant, while the steel unit would include the coal mines. The company will seek to sell about 30% of Oman unit through an initial public offer (IPO).

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.


Jindal Steel Share Price

1288.80 1.40 (0.11%)
21-Apr-2026 16:59 View Price Chart
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