JSW Saw is in a sweet spot with good visibility in terms of the order book and healthy order execution, says Group CEO Neeraj Kumar.
Jindal Saw has halted all capital expenditure to focus on debt reduction, says Kumar. He expects long-term loans to reduce in the coming months.
In an interview to CNBC-TV18 Kumar points out the benefits of the changes in pass through clause will accrue at the earnings before interest, tax, depreciation and amortisation (EBITDA) and reflect in improved profit margins.
Neeraj Kumar, Group CEO and Director of Jindal Saw says despite muted infrastructural activities in the economy; the company will sustain the performance.
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