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
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?