Jindal Steel and Power Ltd (JSPL) reported a Rs 1,154.24-crore loss for the fourth quarter of FY19. In an interview with CNBC-TV18, Naushad Akhter Ansari, the Joint MD of JSPL, spoke about financial results and shared growth outlook.

"Hopeful of EBITDA per tonne improving further in FY20. The EBITDA in Q1FY20 is expected to better than that Q4FY19 by around Rs 1000," Ansari said on Friday.

With regards to sales volumes, Ansari said, "For FY20, India sales volumes guidance is for 6.5 million tonnes but they are confident of beating that number and expect it to be around 7 million tonnes," said Ansari.

On the debt front, Ansari said, "The target is to reduce it by Rs 5000 crore in FY20 aided by operations and other initiatives. In FY19, the company has already managed to cut the debt by Rs 4000 crore as expected."

With regards to Australian operations, he said, "The company has taken a 250 million Australian dollar impairment hit. However, there was no cash impact on JSPL books of that."