India's Jindal Steel and Power to sell Oman unit for more than $1 b

India's Jindal Steel and Power to sell Oman unit for more than $1 b

Photo: Reuters

India’s Jindal Steel and Power Ltd (JSPL) said on Tuesday it is selling its Oman subsidiary to Templar Investments Limited in a deal valued at over $1 billion, to ease the group’s debt burden.