Jindal Steel & Power MD talks expansion, capex, and more
Steel

Jindal Steel & Power MD talks expansion, capex, and more

Bimlendra Jha, the Managing Director of JSPL, stated that they had mentioned that their debt should not exceed 1.5 times their EBITDA at any given time. He noted that they currently maintained a low debt level and anticipated that their internal accruals would provide substantial funding for their expansion plans. He emphasised their conservative approach, aligning with their internal cash flow generation.

Regarding JSPL's expansion plans, he mentioned that they were currently in a continuous expansion phase. They were in the process of doubling the capacity at their Angul plant in Odisha, with the expectation that it would double by the following year. Additionally, they were working on enhancing the capacity of their Raigarh plant to almost twice its existing capacity within the next three years. There were also plans for further expansion at the Angul plant after completing the initial phase of expansion.

When asked about how they planned to finance this capital expenditure and whether there would be a significant increase in debt or EBITDA by the end of FY2024, he reiterated their commitment to fiscal discipline in expansion. They had previously stated that their debt should not exceed 1.5 times their EBITDA. Given their current low debt level, they relied on internal accruals to fund their expansion plans. Their approach remained cautious and aligned with their internal cash flow generation.

Bimlendra Jha, the Managing Director of JSPL, stated that they had mentioned that their debt should not exceed 1.5 times their EBITDA at any given time. He noted that they currently maintained a low debt level and anticipated that their internal accruals would provide substantial funding for their expansion plans. He emphasised their conservative approach, aligning with their internal cash flow generation. Regarding JSPL's expansion plans, he mentioned that they were currently in a continuous expansion phase. They were in the process of doubling the capacity at their Angul plant in Odisha, with the expectation that it would double by the following year. Additionally, they were working on enhancing the capacity of their Raigarh plant to almost twice its existing capacity within the next three years. There were also plans for further expansion at the Angul plant after completing the initial phase of expansion. When asked about how they planned to finance this capital expenditure and whether there would be a significant increase in debt or EBITDA by the end of FY2024, he reiterated their commitment to fiscal discipline in expansion. They had previously stated that their debt should not exceed 1.5 times their EBITDA. Given their current low debt level, they relied on internal accruals to fund their expansion plans. Their approach remained cautious and aligned with their internal cash flow generation.

Next Story
Infrastructure Urban

Cabinet Clears Rs 16 Billion Irrigation Upgrade Scheme

In a significant step towards enhancing water use efficiency in agriculture, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the Modernization of Command Area Development and Water Management (M-CADWM) as a sub-scheme of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2025–26. The scheme has received an initial outlay of Rs 16 billion. The M-CADWM aims to modernize irrigation infrastructure by facilitating pressurized underground piped irrigation systems from existing canals or other sources directly to farms up to 1 hectare. This upgrade will serve as a backen..

Next Story
Infrastructure Urban

EPFO Launches Face Authentication for Instant UAN via UMANG

In a significant digital push, the Employees’ Provident Fund Organisation (EPFO) has enabled Universal Account Number (UAN) generation and activation through Aadhaar-based Face Authentication Technology (FAT) on the UMANG mobile app. This step, under the Ministry of Labour and Employment, aims to simplify and digitise the UAN process for crores of Indian employees, ensuring real-time, error-free onboarding into the EPFO system. Digital Breakthrough for UAN Access Traditionally, UANs were generated by employers, often marred by data entry errors in names, mobile numbers, and birth dates. Th..

Next Story
Infrastructure Urban

India Launches First Panchayat Development Index

In a landmark step towards evidence-based rural development, the Ministry of Panchayati Raj has unveiled the first-ever Panchayat Advancement Index (PAI) baseline report for FY 2022-23. This tool, grounded in Sustainable Development Goals (SDGs), assesses the performance of over 2.5 lakh Gram Panchayats (GPs) across India, offering an unprecedented view of the nation's grassroots governance. The PAI maps each Panchayat’s progress across nine themes under Localized SDGs, including poverty alleviation, infrastructure, water sufficiency, child welfare, and women empowerment. With data from 2,1..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?