Ravi Uppal

Modi making the right noises; breakeven likely before Sept quarter: JSPL Chief

Moneycontrol met up with Uppal in his office where the man, known for turning around low-performing units, talked on what India's priorities should be, the success of Modi government, debt reduction at JSPL, public private participation and asset sales.

JSPL CEO feels Modi government has taken the bull by its horns but could do with a $1 advice

Ravi Uppal feels that Modi government has taken the bull by the horns and has identified all the areas that need to addressed

Jindal Steel bets on higher asset utilisation to nearly halve its Rs 45,000 crore debt

Uppal said the company was done with its capital expenditure plan and would now take up only those projects which cost less but were high yielding

Jindal Power looks to cut stake in SPV executing India’s largest hydel project

Etalin Hydro Electric Power Company Ltd, a 74:26 joint venture of Jindal Power and Hydro Power Development Corporation of Arunachal Pradesh, is setting up the run-of-the-river project on rivers Dri and Tangon

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.

JSPL to commission Angul blast furnace by April: CEO

Jindal Steel & Power (JSPL) will commission the blast furnace at Angul, Odisha by early April to add an additional 3.5 million tonnes capacity, its Managing Director and CEO Ravi Uppal said.

Committed to reducing debt but earnings a priority: JSPL

Speaking to CNBC-TV18, Ravi Uppal, MD and CEO of JSPL, said that increased volumes, higher net sales realisations and reduction in costs in JSPL's steel business had helped the company put up a positive show in the third quarter.

JSPL consolidated Q3 net loss narrows to Rs 455 cr

The turnover of the company saw a 25 percent growth to Rs 5,408 crore during the quarter under review as against Rs 4,336 crore in the same quarter a year-ago.

JSPL exploring options to reduce around Rs 46k cr debt

Naveen Jindal-led JSPL has said it is exploring various options, including divestment, to reduce its debt of around Rs 46,000 crore.

Budget 2017: Expect job creation to be a guiding theme, says BMR Legal

Ravi Uppal, the Managing Director and Group CEO of Jindal Steel and Power says he hopes the government will reduce the corporate tax rate to 25 percent in this Budget.

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.

Expect H2 biz pickup to push up steel demand by 4-5%: JSPL

In the first 6 months of the year, steel demand grow by just 0.5 percent, and now with the end of monsoon business activity with pick pace in the second half which is likely to push up steel demand by 4-5 percent for the year, said Ravi Uppal, Chief Executive and Managing Director of JSPL.

Have head hardened rail capacity of 30k tonnes per month: JSPL

With a capacity of 30,000 tonnes of head hardened rail per month, the company is eyeing projects from developing nations, says company Managing Director and Chief Executive Officer Ravi Uppal

JSPL secures 1.18 mn tonnes/yr coal supply for power plants

"JSPL has secured long-term linkage of 1.18 MTPA for its state-of-the-art captive power generation plants in Dongamahua and Raigarh in Chhattisgarh," the Naveen Jindal-led firm said in a statement.

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.

Jindal brothers near $782mn power plant deal: Sources

Jindal Steel & Power Chief Executive Ravi Uppal said that a deal was being negotitated but declined to give more details.

Govt sets minimum import price on steel products to curb dumping

The minimum import price on ingots and billets has been fixed at USD 362 per tonne, for flat rolled and hot rolled steel at USD 445-500 per tonne and semi-finished steel at USD 341-362 per tonne.

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.

Studying bids for mines in 3rd phase of coal auction: JSPL

Jindal Power had emerged as successful bidder for Gare IV/2, Gare Palma IV/3 and Tara coal blocks, while Bharat Aluminium Company (Balco) had successfully bid for Gare Palma IV/1 coal block.

No to JSPL coal bids may open pandora‘s box of uncertainty

the fundamental problem with the coal auctions is the segregation of mines for power and non-power. Once you do this, the mines earmarked for power will draw only power sector players, and this automatically reduces the numbers of bidders (and bid values) for each mine.