Thursday: Ravi Uppal, the CEO and MD  said ,"fairly vibrant FY17" for the steel industry is possible to help in substantial upgrading in Jindal Steel & Power's  operating performance”

Uppal in an interview said, "Strong EBITDA coupled with money received from the JSW Energy   deal, should help pare debt. Target is to reduce debt to equity ratio to 1.6-1.8x by 2019-20,"

“The company is also watching to sell non-core possessions worth nearly Rs 3,000 crore to deleverage its balance sheet”, he said.

Uppal said, “ the fourth quarter performance was hit by transmission constraints but things are likely to look up as we head into peak summer season.”