Jindal Steel & Power (JSPL) is planning to focus on reducing its debt in FY15, along with an increase in earnings before interest, tax and amortisation (EBITDA). Moreover, the company is aiming for an orbital jump in earnings by targeting a turnover in excess of Rs 30,000 crore in 2014-15.
The group's debt stands at around Rs 35,000 crore and the plan is for a three-fold strategy-restructuring debt, partially offloading equity in some projects and not investing any capital in the coming year.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
