{"id":434925,"date":"2021-09-09T08:41:06","date_gmt":"2021-09-09T03:11:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434925"},"modified":"2021-09-09T09:49:06","modified_gmt":"2021-09-09T04:19:06","slug":"jindal-steel-and-power-prepays-106-million-debt-for-australian-arm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jindal-steel-and-power-prepays-106-million-debt-for-australian-arm\/","title":{"rendered":"Jindal Steel and Power prepays $106 million debt for Australian arm"},"content":{"rendered":"<p>JSPL has made a pre-payment of USD 106 million (about Rs 777.4 crore) to the lenders of its arm Jindal Steel &amp; Power (Australia) Ltd.<\/p>\n<p>Without sharing further details, the steelmaker said the prepayment has helped the company reduce the &#8220;Australian debt&#8221; by approximately 50 per cent. <\/p>\n<p>In a statement on Wednesday, Jindal Steel and Power Limited (JSPL) said through its step down subsidiary, Jindal Steel &amp; Power (Australia) Ltd it has made a pre-payment of 105.66 million USD (approximately Rs 777.4 crore).<\/p>\n<p>The company is now aiming to clear all its overseas debt in the coming quarters, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSPL has made a pre-payment of USD 106 million (about Rs 777.4 crore) to the lenders of its arm Jindal Steel &amp; Power (Australia) Ltd. Without sharing further details, the steelmaker said the prepayment has helped the company reduce the &#8220;Australian debt&#8221; by approximately 50 per cent. In a statement on Wednesday, Jindal Steel and Power Limited (JSPL) said through its step down subsidiary, Jindal Steel &amp; 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 [&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-434925","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\/434925","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=434925"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434925\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}