Jindal Steel & Power MD on expansion plans, capex and more
Bimlendra Jha, MD, JSPL, says “we have said that at any point of time our debt cannot exceed 1.5 times our EBITDA. We are currently at a very low debt level, so there is a lot of internal accrual that we expect to fund our expansions. We are being very conservative about it and it is going to be in line with our cash flow generation internally.”
On JSPL’s expansion plansWe are continuously in a mode of expansion right now and we are doubling the capacity at Angul which is our plant in Odisha, which will double its capacity by next year. And as far as our other plant at Raigarh is concerned, again, we are working on improving the capacity almost two times the existing capacity within the next three years. We will also have further expansion of Angul after we have done our first phase of expansion right now.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisitHow do you plan to fund this capex and will we see that debt or EBITDA materially increase by the end of FY2024?
We have given a very public statement about our fiscal discipline on expansion. We have said that at any point of time our debt cannot exceed 1.5 times our EBITDA. We are currently at a very low debt level, so there is a lot of internal accrual that we expect to fund our expansions. We are being very conservative about it and it is going to be in line with our cash flow generation internally.
What about the recent mines you had bagged? When will the production start there?
The mines are just waiting for minor clearances here and there. We have already entered Gare
