Jindal Steel & Power eyes more asset sales, may put mines on the block

Naveen Jindal’s flagship steel company Jindal Steel and Power (JSPL) is looking to sell its overseas mining assets and focus on the India business instead, a senior company official told Mint. With commercial mining opportunities coming up soon in both coal and iron ore sectors, the firm is keen to divest these high-debt assets and use the proceeds to invest in its home market and reduce its debt instead.