04
Sep
16:13
JSPL mulls splitting businesses, March Shadeed stake sale
Jindal Steel & Power (JSPL) is considering splitting its steel, power and international businesses into three separate entities in order to reduce its INR 420 billion ($6 billion) debt, company chairman Naveen Jindal tells Bloomberg Quint.
The steelmaker will seek to progressively sell about 30% of its Oman-based Jindal Shadeed steelworks over 2-3 years, and this may partly be achieved through an initial public offering. The company will engage with potentia…
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Anonymous
Very good overview of the weekly steel market.
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