We expect to reduce debt by Rs 6,000-7,000 crore in this financial year, said Naushad Akhter Ansari, CEO, JSPL.

"One way of reducing the debt number is to keep repaying as per the agreed restructured plan and that is going to happen," he said.

“Internationally the demand is still quite good. Primarily it is fueled by Chinese demand which is up almost by about 7 percent and that is supporting the international prices quite well. Domestically also the demand is quite good,” he said.

Speaking about listing the Oman steel business, he mentioned that, “It will take at least 5-6 months.”

We expect steel EBITDA per tonne to hold at similar levels as seen in the Q4 FY18, said Ansari.

"The timeline to sell some power assets to JSW Energy has been extended by 1 year," he said adding that we could look at listing Oman Steel business in FY19.

First Published:Jun 19, 2018 12:37 PM IST