Jindal Steel & Power Promoter Firms Repay Rs 391 Crore Debt

Three promoter companies of Jindal Steel & Power Ltd. have repaid an amount totalling Rs 391 crore to the lenders, said a company official.

The companies are Opelina Sustainable Services Ltd., OPJ Trading Pvt. Ltd., and Gagan Infra Energy Ltd. "These promoter companies have repaid loans of around Rs 391 crore out of total debt amount Rs 747 crore as on Dec. 3, 2019," the official said.

The said promoter companies have also informed the exchanges about the development, he said. "With this repayment, the current debt at promoter level under loan against shares stands at only Rs 356 crore," he said. Part of the $25-billion OP Jindal Group, JSPL has a presence in steel, power, mining and infrastructure sectors.