To sell non-core assets, steel biz IPO in 6-12 mnths likely:JSPL

He said JSPL will not be making any further investments for expansion and the focus now is on consolidation.Below is the verbatim transcript of the discussionNaveen Jindal: All our fund requirements for this unit and even international operations have already met. So, there is no need for any fund raising at present. We will go in for an IPO but not now. We would want things to further improve, maybe six months down the line or a year down the line, when we have achieved the full potential, we are running the plant at full capacity, that is the time we want to go in into the market at the right time. To reduce the debt level, we have improved our own working substantially. Now steel prices are looking up so we hope to have enough internal accruals, now we are not looking at expanding. We already have expanded so we are not looking at investing more money. So, now whatever money we are going to earn is going to be utilised for repayment of debt. So, with that and divestment of like we said some assets, together in the next few years we hope to achieve substantial debt reduction. There is tremendous potential we feel in the power sector but still to reduce our debt drastically if we get the right valuation, we are talking to a few people.