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Waiting for govt approvals for Bhushan Power acquisition, says Sajjan Jindal

Updated : November 21, 2019 12:27 PM IST

JSW Steel is primarily focused on Indian growth story because India is the main market, its Managing Director Sajjan Jindal told CNBCTV18.

“We have acquired a few assets in the US and Europe but those are margin assets. Our main focus is on India,” he added.

The company does not have an aggressive debt reduction plan. "We have aggressive expansion plans. So debt will not come down; debt may not go up proportionately, but it will be within the parameters of the norms that we have set for ourselves,” Jindal said.

When asked about Bhushan Power, the MD said, “We are waiting for the approvals from the government where the Prevention of Money Laundering Act and other aspects need to be clarified by the government, and once that happens, then the whole process will become very quick.”
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