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Construction : Deals | August 2014 | Source : Construction Update

Naveen Jindal plans to exit from the oil and gas business

Naveen Jindal plans to exit from oil and gas business and also sell stakes in some project held by JSPL to reduce debt which stands at Rs 375 billion as of June against Rs 365 billion in the year earlier. The company plans to focus on their existing businesses includes steel, mine, minerals, power and cement and continue to infuse in expanding mines and apart from its steel and power sector and has earmarked Rs 60 billion for the same.
 
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