{"id":294558,"date":"2019-10-01T10:51:37","date_gmt":"2019-10-01T05:21:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294558"},"modified":"2019-10-01T11:01:31","modified_gmt":"2019-10-01T05:31:31","slug":"jspl-targets-less-than-%e2%82%b930000-cr-debt-naveen-jindal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jspl-targets-less-than-%e2%82%b930000-cr-debt-naveen-jindal\/","title":{"rendered":"JSPL targets less than \u20b930,000 cr debt: Naveen Jindal"},"content":{"rendered":"<p>Jindal Steel and Power (JSPL) has set a target to reduce its net debt by more than \u20b9 10,000 crore to below \u20b9 30,000 crore. A company statement said that the group also aims to take EBITDA (Earnings Before Interest, Tax, Depreciation &amp; Amortization) to more than \u20b912,000 crore on a consolidated yearly basis over the next two years. <\/p>\n<p>Speaking at JSPL\u2019s 40th AGM, Naveen Jindal, Chairman, JSPL said, \u201cThough there is slowdown, our company is comfortably placed in the market with our value added and niche products. The company would be more aggressive in marketing its products and would continue to look to divest the non-core assets, to reduce debt to the target level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jindal Steel and Power (JSPL) has set a target to reduce its net debt by more than \u20b9 10,000 crore to below \u20b9 30,000 crore. A company statement said that the group also aims to take EBITDA (Earnings Before Interest, Tax, Depreciation &amp; Amortization) to more than \u20b912,000 crore on a consolidated yearly basis over the next two years. Speaking at JSPL\u2019s 40th AGM, Naveen Jindal, Chairman, JSPL said, \u201cThough there is slowdown, our company is comfortably placed in the market with our value added and niche products. The company would be more aggressive in marketing its products and would [&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":[130],"tags":[],"class_list":["post-294558","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294558","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=294558"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294558\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}