Debt-laden Jindal Steel and Power Limited is looking at various ways of raising funds including divesting stake in all its non-core assets.
Speaking to CNBC-TV18, Ravi Uppal, Managing Director and CEO of JSPL says the company expects to do well with improvement in the market sentiment and the company’s earnings.
Meanwhile, talking about JSPL’s future plans, he said: “We have already announced our intention to go for IPOs for Jindal Power Limited and also for the Oman power plant.”
The Oman-based Shadeed Iron and Steel LLC is its wholly-owned subsidiary to be listed in Muscat Securities Market.
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