{"id":306135,"date":"2019-12-18T10:38:10","date_gmt":"2019-12-18T05:08:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306135"},"modified":"2019-12-18T11:12:26","modified_gmt":"2019-12-18T05:42:26","slug":"no-plans-to-expand-jspl-hopes-to-become-debt-free-in-4-yrs-naveen-jindal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-plans-to-expand-jspl-hopes-to-become-debt-free-in-4-yrs-naveen-jindal\/","title":{"rendered":"No plans to expand, JSPL hopes to become debt-free in 4 yrs: Naveen Jindal"},"content":{"rendered":"<p>Jindal Steel and Power Ltd (JSPL) hopes to become debt free in the next 3-4 years, its Chairman Naveen Jindal said on Tuesday. <\/p>\n<p>Speaking at the India Economic Conclave 2019, he however said his company will no longer expand in newer areas. <\/p>\n<p>&#8220;In the last few years, the way things have hit us, we have become risk averse and conservative. We aim to be debt-free in the next 3-4 years. This means we will grow less but we will make sure we remain profitable and maintain our EBITDA margins,&#8221; he said. <\/p>\n<p>He noted that the company was not keen on expanding in new areas or growing as it did initially because there is &#8220;no appreciation&#8221; of the contribution that the company has made in the power and steel sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jindal Steel and Power Ltd (JSPL) hopes to become debt free in the next 3-4 years, its Chairman Naveen Jindal said on Tuesday. Speaking at the India Economic Conclave 2019, he however said his company will no longer expand in newer areas. &#8220;In the last few years, the way things have hit us, we have become risk averse and conservative. We aim to be debt-free in the next 3-4 years. This means we will grow less but we will make sure we remain profitable and maintain our EBITDA margins,&#8221; he said. He noted that the company was not keen on [&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-306135","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\/306135","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=306135"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306135\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}