Jindal Steel cuts capex, focuses on capacity use
Synopsis Jindal Steel will not take on debt for capacity expansion, focusing instead on optimizing operations. The company plans to invest in value-added products and
Synopsis Jindal Steel will not take on debt for capacity expansion, focusing instead on optimizing operations. The company plans to invest in value-added products and improve cost efficiencies over coming years.
A new slurry pipeline is expected to significantly reduce logistics costs per tonne. Jindal Steel aims for 100% capacity utilization before considering further expansion plans.
This strategy contrasts with rivals who are increasing their capital expenditure significantly.
The BriefWire