CNBC-TV18 caught up with Naushad Akhter Ansari, CEO-Steel Business of JSPL. He said that their EBITDA per tonne was flat on a sequential basis but more importantly said that deal with JSW Energy is definitely on.
With ramp-up of production in Angul, the EBITDA would increase for JSPL, costs would also go down, said Naveen Jindal, Chairman, JSPL.
Jindal Steel and Power's (JSPL) Q1 earnings came in better than estimates with the consolidated net loss narrowing while the power business outperformed. In an interview to CNBC-TV18, Ravi Uppal, MD & CEO of JSPL spoke about the results and his outlook for the company.
"Our stop for the Nifty should be tightened because it has been a very decent rally and the stop should now be at 6,030. Just go with the flow," he says.