With the interim Budget scheduled for next week, steel companies are expecting that import duties will be imposed to prevent dumping of steel from other countries.
Kevin Lee caught up with Naushad Ansari, MD, Jindal Steel and Power (JSPL) to know his expectation in this interim budget.
"We hope that import duty on coking coal will go away," said Ansari.
Ansari also expects the government will curb the export of iron ore by imposing an export duty.
On JSPL's debt, Ansari said currently, the company's debt is Rs 42,000 crore and it expects to reduce it by close to about 10 percent.