Steel major Jindal Steel and Power Ltd (JSPL) has reportedly made a pre-payment of $105.66 million loan in its Australian entity, as per the company’s latest BSE disclosure. The pre-payment has helped JSPL in reducing its Australian debt by approximately 50%. “We are paying back to lenders before time in order to strengthen our balance sheet…..we want to become a net debt free company by FY’23 through accelerated deleveraging”, said V.R. Sharma, Managing Director, JSPL.
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