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Jindal Steel and Power makes prepayment of Rs 2,462 crore to lenders

10 May 2021 Evaluate

Jindal Steel and Power (JSPL) has made a prepayment of Rs 2,462 crore to its term lenders with an aim to become a net debt-free company. The company made a prepayment of Rs 2,462 crore to its term lenders. This is in continuation of its long stated financial strategy of debt reduction and building a robust balance sheet with optimum capital mix.

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.

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