Sushil K Maroo, Director & Group CFO of JSPL allayed the fears and stressed on the fact that their mines were on a firm footing. According to him, the CAG calculation of gains from the coal blocks was inaccurate and the CBI has so far not communicated anything to the company on the blocks mentioned in the CAG report.
In an interview with CNBC-TV18, Sushil K Maroo, Director & Group CFO of JSPL said the disappointing performance of the power division was mainly because of the fact that demand was lower and supply was higher. This weighed on power realisations and it was lower than what it should have been.
Despite demand for steel coming off, steel prices are not expected to correct in the near-term, said Sushil K Maroo, director and group chief financial officer, JSPL.
Sushil K Maroo, director of Jindal Steel & Power (JSPL), in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the power sales numbers will improve from third and fourth quarter onwards.
In an interview with CNBC-TV18, Sushil K Maroo, director and group CFO of JSPL, spoke about the latest happenings in his company and the road ahead.