In the past few years, Sajjan Jindal’s JSW Steel has been linked with a significant number of acquisitions, and more recently, with Monnet Ispat Energy (through the strategic debt restructuring route), Bhushan Steel, and Italian steel plant Ilva. In a conversation with Ishita Ayan Dutt, JSW Steel’s Joint Managing Director and Group Chief Financial Officer, Seshagiri Rao, says the company is cautious, and is well on course to bring down its debt to Ebitda (earnings before interest, taxes, depreciation and amortisation) ratio. Edited excerpts:
You have so many acquisitions on the radar, how will you fund them?
Maybe our name gets