JSPL prepays $105.66 million loan in its Australian entity
9th Sep 2021

In its endeavour to completely pay off its overseas debt, Jindal Steel & Power (JSPL) through its step down subsidiary, Jindal Steel & Power (Australia) has made a pre-payment of $105.66 million (approximately Rs 777.4 crore). The prepayment has helped reduce the Australian debt by approximately 50%. The company’s Net Debt/EBITDA on Consolidated basis was reported at 0.96x while Standalone Net Debt/EBITDA was approximately 0.7x as of June quarter which is expected to go down further this quarter.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.