India: JSPL to divest steel and mining assets, expand power business portfolio

India: JSPL to divest steel and mining assets, expand power business portfolio

CEO Ravi Uppal says power will remain one of the key businesses for the company.

Jindal Steel and Power Ltd (JSPL) will sell certain steel and mining assets and will expand its power business portfolio into renewable energy and transmission and distribution (T&D), said chief executive Ravi Uppal in a phone interview, hours after agreeing to sell a 1,000 megawatt (MW) power plant to JSW Energy Ltd.

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