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

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?