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India

JSW Energy exec says actively looking at reducing net debt substantially in fiscal


Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - JSW Energy Ltd joint MD and CEO Prashant Jain speaking at a press conference::Overcapacity concerns in thermal power plants are receding.Board has decided to set up 7 MW of solar power capacity‍​.Company is working to switch to domestic coal in coming quarters.Long term strategy is to have more long term power sales agreements.Secured a credit line for up to 100 MW of rooftop solar.Exec says co will secure domestic coal mines in upcoming coal block options.Exec says actively looking at reducing net debt substantially in fiscal year.