{"id":286791,"date":"2019-08-09T04:50:37","date_gmt":"2019-08-09T04:50:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286791"},"modified":"2019-08-09T05:08:52","modified_gmt":"2019-08-09T05:08:52","slug":"jspl-says-it-is-generating-enough-cash-not-defaulted-on-any-payment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jspl-says-it-is-generating-enough-cash-not-defaulted-on-any-payment\/","title":{"rendered":"JSPL says it is generating enough cash, not defaulted on any payment"},"content":{"rendered":"<p>Jindal Steel and Power Ltd (JSPL) on Thursday said that it has not defaulted on any payments. <\/p>\n<p>The company said all speculations\/rumours with respect to payment default are &#8220;baseless and false in nature&#8221;. <\/p>\n<p>&#8220;The business is going on as usual and normal and company is generating adequate cash. So much so, that the company has prepaid Rs 300 crore towards non-convertible debentures (NCDs), earlier than its due date,&#8221; Managing Director (Designate) JSPL V R Sharma said adding that the company has not made any payment defaults. <\/p>\n<p>On rumours regarding any sell-off in pledged shares, Sharma said &#8220;no sale of shares is reported by any of the lenders&#8221;. More so, the promoter group is looking to reduce the pledge at the earliest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jindal Steel and Power Ltd (JSPL) on Thursday said that it has not defaulted on any payments. The company said all speculations\/rumours with respect to payment default are &#8220;baseless and false in nature&#8221;. &#8220;The business is going on as usual and normal and company is generating adequate cash. So much so, that the company has prepaid Rs 300 crore towards non-convertible debentures (NCDs), earlier than its due date,&#8221; Managing Director (Designate) JSPL V R Sharma said adding that the company has not made any payment defaults. On rumours regarding any sell-off in pledged shares, Sharma said &#8220;no sale of shares [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-286791","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286791","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286791"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286791\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}