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Jindal Steel & Power in talks with state electricity boards for PPAs, says MD Sharma

  • Source: CNBCTV18 - - Read: 0



    Have delivered a strong performance in Q1: JSPL Expect the solid tempo to continue in Q2 for steel business: JSPL Aim to improve EBITDA/T to Rs 12,000 from Rs 11,200 in Q1: JSPL

    VR Sharma, MD of Jindal Steel & Power (JSPL), spoke to CNBC-TV18 about the company's financial performance and shared outlook for FY20.

    “The company has done very well in the first quarter and the EBITDA level per tonne is more than Rs 11,200 and overall EBITDA is 23 percent of the total turnover,” said Sharma.

    "We expect the solid tempo to continue in Q2 for steel business. Therefore, aim to improve EBITDA per tonne to Rs 12,000 from Rs 11,200 in Q1,” Sharma said.

    Talking about the business, he said, “In TMT and rebars, we are at par with the other peer group in the industry but we ha ...



    Read Full News: https://www.cnbctv18.com/infrastructure/jindal-steel-power-in-talks-with-state-electricity-boards-for-ppas-says-md-sharma-4185271.htm

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