18
Feb
08:41
Delayed divestment seen pressuring Jindal Steel finances
Jindal Steel & Power (JSPL)’s liquidity will deteriorate significantly in the near term as its rolling mill stake sale and receipt of proceeds from settlement in Bolivia may take longer than expected. This is the view of analytics firm Crisil.
Any delay would hamper JSPL’s debt servicing ability and increase its reliance on refinancing of debt taken for its Angul plant. A delay in this refinancing beyond March could in turn lead to severe pressur…
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Anonymous
Very good overview of the weekly steel market.
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