JSPL announced that it has agreed to divest 96.42% stake in Jindal Power Limited to Worldone Private Limited. The divestment is in line with JSPL’s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives, the statement…
JSPL, one of India’s fastest growing and largest integrated steel manufacturers, announced that its subsidiary, Jindal Steel & Power (Mauritius) Ltd. (JSPML) has accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC (JSIS Oman). The enterprise value of the deal…