In today’s briefing:
- Jindal Steel & Power- Forensic Analysis
Jindal Steel & Power- Forensic Analysis
- Jindal Steel & Power (JSP IN) has been engaging in high related party transactions with few promoter entities and the engagement is increasing year on year.
- The company still faces pain in its foreign mining operations especially Australia. A large amount of loans has been impaired and written off lately.
- The company also sees high churn in board of directors. However, on the flipside, the deleverage is visible and overall balance sheet health has improved.
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