Jindal Steel & Power denies rumours of payment defaults

Jindal Steel and Power (JSPL) on Thursday denied rumours of it defaulting payments, calling them "baseless and false". "The business is going on as usual and normal and company is generating adequate cash. We have even prepaid ₹300 crore towards NCDs before due date," said MD (Designate) VR Sharma. He also denied rumours regarding sell-off in pledged shares by lenders.