Jindal Steel Plans to Pay Down Debt Through Mill, Mine Sales
05/04/2016 - India’s Jindal Steel and Power is hoping to sell more steel and coal assets as a way to cut its US$6.91 billion in debt, according to the Reuters news service.
According to Reuters, Jindal is among the most heavily indebted Indian firms and is under pressure to raise more money to pay down debt.
The company owns steel and power plants in India, a steel mill in Oman and coal mines in Australia, Mozambique and South Africa, Reuters said.
Reuters has the full story here.
The company owns steel and power plants in India, a steel mill in Oman and coal mines in Australia, Mozambique and South Africa, Reuters said.
Reuters has the full story here.
