Jindal Steel and Power prepays $106 million debt for Australian arm
JSPL has made a pre-payment of USD 106 million (about Rs 777.4 crore) to the lenders of its arm Jindal Steel & Power (Australia) Ltd.
Without sharing further details, the steelmaker said the prepayment has helped the company reduce the “Australian debt” by approximately 50 per cent.
In a statement on Wednesday, Jindal Steel and Power Limited (JSPL) said through its step down subsidiary, Jindal Steel & Power (Australia) Ltd it has made a pre-payment of 105.66 million USD (approximately Rs 777.4 crore).
The company is now aiming to clear all its overseas debt in the coming quarters, the statement said.
