Jindal Steel and Power Ltd (JSPL) successfully closed their Rs 1,200 crore qualified institutional placement (QIP) recently. In an interview with CNBC-TV18, Naushad Akhter Ansari, CEO, Steel Business of JSPL spoke about the latest happenings in his company and sector.

Will be raising Rs 1,000 cr for payment of dues to suppliers, vendors via QIP: JSPL

JSPL will raise Rs 1,000 crore via qualified institutional placement (QIP) in February, that is the word coming from Chairman Naveen Jindal. Speaking to CNBC-TV18's Anshu Sharma Jindal adds the company will also raise equity for Oman operations.

Target steel sales of 7.5-8 million tonne in FY19: JSPL

In an interview to CNBC-TV18, Naushad Akhter Ansari, CEO-Steel Business at JSPL spoke about the oxygen furnace installation at Angul and gave his outlook for the future.

Large proceed from oxygen plant disinvestment will go towards debt repayment: JSPL

Jindal Steel & Power (JSPL) had a good day in trade on Monday after receiving over Rs 1,100 crore in divestment of its oxygen plant assets at Raigarh and Angul units.

Merchant power prices to stay high; steel sector outlook positive: JSPL's Uppal

Going forward aim to take the plant load factor (PLF) to 60 percent from the current 45-50 percent range, said Ravi Uppal, MD & CEO, JSPL.

Expect to be a debt free company in 4-5 years: JSPL

Jindal Steel & Power (JSPL) expects three million tonne of annual production from the Angul plant, said Naveen Jindal, Chairman of the company.

No plans to sell steel biz; to pass on hike in coking coal prices: Naveen Jindal

In an interview with CNBC-TV18, Naveen Jindal, Chairman, JSPL confirmed that they have no plans of selling the steel business.

Expect debt to reduce by Rs 3,000 cr in FY18: JSPL

"First step is to make sure that we do not add any debt and second is to reduce the debt through a gradual process". At the end of FY18, the debt should be reduced by about Rs 3,000 crore, Ravi Uppal, MD & CEO of JSPL told CNBC-TV18.

Will be doubling capacity by next year without debt: JSPL

Speaking to CNBC-TV18, Naveen Jindal, Chairman said with better results, improving EBITDA combined with blast furnace starting production the company is will see a big jump in debt reduction.

See demand recovery in Q4, improvement in EBITDA/tonne: JSPL

See an improvement in EBITDA per tonne at an average of Rs 7500 versus Rs 6000 per tonne in first half of FY17, said Ravi Uppal, MD & CEO, JSPL.

Ebitda will be impacted by high raw material prices: JSW Steel

Speaking to CNBC-TV18 Seshagiri Rao, Joint MD & Group CFO at JSW Steel said that the company will see an impact due to higher coking coal prices in the coming quarter.

Expect EBITDA/tn to improve to Rs 8k/tn in H2FY17: Jindal Steel

Ravi Uppal, MD & CEO of Jindal Steel and Power says steel prices have been hiked to compensate for higher cost of production due to rising input costs. Prices of raw materials like coking coal anf pellet have shot up.

Jindal Steel & Power plans to pass on rise in coking coal price

In an interview with CNBC-TV18, Ravi Uppal said that the raw material costs for coking coal has gone up by nearly three times from the lows it saw earlier this year and this rise in raw material price is affecting input costs and the company plans to pass on the price burden progressively to consumers.

Deal with JSW Energy progressing well; more PPAs expected: JSPL

Specifically talking about Ramchandi coal block, the MD & CEO of Jindal Steel & Power (JSPL), Ravi Uppal said that the coal block was never used by the company. However, the project related to that was cancelled post deallocation of the block.

Hope MIP is extended to other steel products like scrap: JSPL

Jindal Steel & Power expects the government to extend the minimum import price (MIP) levied on certain steel products to others such as scrap, MD Ravi Uppal says.

'If MIP is not extended, many steel plants will close down'

The steel industry is joining forces seeking an extension of minimum import price which is slated to expire in August.

UDAY scheme to drive up power demand, prices: JSPL

Power as well as steel sector continue to be in a downtrend. If MIP is removed, some other protective mechanism for steel sector must be there, says Ravi Uppal, MD & CEO of JSPL.

Govt must replace expiring MIP with anti-dumping duty: Experts

On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.

JSW Energy deal positive for JSPL, say experts

Chintan Mehta of Sunidhi Securities feels JSPL has received good valuations and the deal will prove to be earnings per share (EPS) accretive

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

Jindal Steel and Power (JSPL) may consider an initial public offering (IPO) for its steel plant in 6-12 months, says Naveen Jindal, the company's chairman, in an interview to CNBC-TV18.

Co to sell stake in JPL, reduce standalone power assets: JSPL

Ravi Uppal, MD & CEO of JSPL says that the company has been approached by various parties for JPL stake as well as for standalone power assets.

Minimum import price for steel will depend on prod cost: JSPL

Speaking to CNBC-TV18‘s Rituparna Bhuyan, Uppal says that the industry will ask for a minimum import prices from the government, which will be based on reasonable cost of production.

Will raise funds via power biz, Oman unit listing: JSPL

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.

Custom duty hike not enough; aim to pare debt: JSPL

If it has to be a level playing field for the Indian steel industry the import duty must be increased to 25 percent, said Ravi Uppal MD & CEO, JSPL.

CARE stake sale to aid CAR, awaiting Pipapav CDR nod: IDBI

After negotiating for bulk sale, IDBI offloaded 10 percent in CARE to LIC for Rs 421 crore. The bank's deputy MD BK Batra informed that the bank has strategic stake in various companies which are quite valuable today.