{"id":271062,"date":"2019-04-25T05:43:20","date_gmt":"2019-04-25T05:43:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271062"},"modified":"2019-04-25T05:43:20","modified_gmt":"2019-04-25T05:43:20","slug":"volume-recovery-improves-jspls-earnings-outlook-debt-reduction-key","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/volume-recovery-improves-jspls-earnings-outlook-debt-reduction-key\/","title":{"rendered":"Volume recovery improves JSPL\u2019s earnings outlook, debt reduction key"},"content":{"rendered":"<p>Mumbai: Jindal Steel and Power Ltd (JSPL) has emerged as the lowest bidder to supply 500 megawatts (MW) of electricity to a state-owned entity. The company is yet to sign the final agreement for the contract, scheduled to commence in the second half of FY20. If signed, the deal can make a material difference to the company\u2019s power business and perhaps to its consolidated earnings.<\/p>\n<p>As of December 2019, only 30% of JSPL\u2019s 3,400MW commercial capacity is tied up with commercial agreements. The addition of a 500MW contract can take the operating capacity to 45%, improving utilization levels.<\/p>\n<p>The development comes as JSPL\u2019s core steel business in India is seeing an improvement in volume. Production in the recently-ended March quarter (Q4) rose by a fifth. Commissioning of production at the intermediate and downstream plants is expected to keep up the growth tempo. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Jindal Steel and Power Ltd (JSPL) has emerged as the lowest bidder to supply 500 megawatts (MW) of electricity to a state-owned entity. The company is yet to sign the final agreement for the contract, scheduled to commence in the second half of FY20. If signed, the deal can make a material difference to the company\u2019s power business and perhaps to its consolidated earnings. As of December 2019, only 30% of JSPL\u2019s 3,400MW commercial capacity is tied up with commercial agreements. The addition of a 500MW contract can take the operating capacity to 45%, improving utilization levels. The development [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-271062","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271062"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271062\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}