JSPL - Expansion At Angul In Full Swing; Volume Growth Remains Robust, Deleveraging To Continue: IDBI Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.We visited Jindal Steel and Power Ltd.’s Angul steel plant in Odisha and interacted with employees. The company’s current capacity at Angul is 5 million tonnes per annum which is likely to increase to 6 mtpa by end of FY22 and further to 12 mtpa (phase-II) by FY25. JSPL has land of 5,000 acres at Angul where it can expand capacity upto 30 mtpa via brownfield expansions – this, alongside its strong balance sheet provides expansion opportunities over the coming five-10 years. Its Angul phase-II expansion is proposed at a modest capex of $400/tonne which is among the lowest in the industry. The projects, which are expected to increase steel capacity by 66% and pellet by 133%, will be commissioned gradually from September 2022 to February 2025 and will be largely funded by internal cash flows..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JSPL - Expansion At Angul In Full Swing; Volume Growth Remains Robust, Deleveraging To Continue: IDBI Capital

JSPL - Expansion At Angul In Full Swing; Volume Growth Remains Robust, Deleveraging To Continue: IDBI Capital

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