JSPL to focus on Housing and Railways; aims to become debt-free by 2023

Firm is looking at a 50% demand growth coming from housing segment, eyes 25% uptick from Railways

Debt-ridden Jindal Steel and Power Limited (JSPL) is aiming to become debt-free by 2023 and is banking on housing, real estate sector and mobility infrastructure such as Railways, Metro and freight corridors for growth.

Speaking with Business Standard, V R Sharma, managing director, JSPL, said the company is looking at a 50 per cent demand growth coming from the housing segment. “With the revival the real estate sector and reduction of rate of interest for housing sector, till June 2021, there will be a demand uptick. The industry is expecting demand of 12 million tonnes of Rebars to come up