 "jsw steel")
Concerned over uncertain market conditions, JSW Steel has decided to reduce its capex target for 2020-21 by about 45 per cent to Rs 9,000 crore against its earlier plan of spending Rs 16,340 crore.
At 9,000 crore, the capex target is about 12 per cent lower compared to the company's Rs 10,200-crore spend during 2019-20.
In the company's annual report, JSW Steel CMD Sajjan Jindal said the company has undertaken a detailed exercise to prioritise all planned and discretionary spends.
The objective is to conserve liquidity, ensure that strategic projects which are in advanced stages of completion are commissioned on
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