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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement