 "Capacity utilisation falls for RINL, JSW Steel and JSPL")
In a move aimed at deleveraging its balance sheet, Jindal Steel and Power on Monday said it had completed the sale of oxygen plant assets at its Raigarh and Angul units for Rs 1,121 crore with SREI Equipment Finance Limited.
“Under the transaction, JSPL has divested its Oxygen Plant Assets at its integrated steel plants at Raigarh (Chhattisgarh) and Angul (Odisha), and received a total consideration (inclusive of taxes) of Rs 1,121 crore. JSPL and SREI Equipment Finance Ltd have also entered into a Lease Back agreement of the Oxygen Plant Assets for continued operations by JSPL for manufacturing of
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