Brief: India's JSW Steel Exec Says Co To Achieve 16.5 Mln Tonnes Of Production In FY19

JSW Ispat Special Products

06/02/2019 10:44

Feb 6 (Reuters) - JSW Steel Ltd  JSTL.NS  Joint MD, Group
CFO Seshagiri Rao:
    * CO WILL BE ABLE TO ACHIEVE 16.5 MILLION TONNES OF
PRODUCTION IN
FY19
    * CO IS SLIGHTLY SHORT ON THE SALES TARGET FOR YEAR FY19
    * MONNET ISPAT PLANT THAT CO ACQUIRED RECENTLY IS RAMPING UP
FAST
    * CO HAS ENOUGH HEADROOM IN TERMS OF DEBT COVENANTS
    * INDIAN STEEL CONSUMPTION WILL BE IN 7 PERCENT - 7.5
PERCENT IN
FY20
    * CO AWAITING LETTER OF INTENT FROM CREDITORS OF BHUSHAN
POWER
    * IT IS LIKELY THAT EXPORTS IN Q4FY19 WILL BE MORE THAN
Q3FY19
    * IT WILL TAKE MINIMUM TWO YRS TO TURNAROUND MONNET ISPAT
    * CO SHOULD BE EBITDA POSITIVE IN ITALY AND U.S. ASSET BY
NEXT
YEAR

Further company coverage:  JSTL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))