Investor Presentaiton
JINDAL
STEEL & POWER
Jindal Power Limited divestment will help the
company go green
Process for divestment of JPL is on track and committed towards transparent value unlocking for JSP
A competitive bidding process to
realize the highest value possible
from the JPL stake sale, using the
Revised Offer of USD 1,007 mn
as the base offer
The transparent bidding process
was advertised in the public
domain and presented an equal
opportunity for interested bidders
from around the world to come
forward and improve or better the
present Revised Offer of USD
1,007 mn. Bidding process is now
completed
The move is a part of the group's
commitment to its primary goal of
value maximization from the JPL
divestment and protecting the
interests of all its stakeholders,
including its minority
shareholders
The competitive bid process for
the proposed sale of Equity
Shares and RPS would be
undertaken by the Company
through Grant Thornton Advisory
Pvt. Ltd., the process advisor for
the bid process. The details of the
bid process will be advertised and
made available in the public
domain
Original Proposal from
WorldOne
Revised Proposal
Equity
USD 408 mn
payable in
cash for equity
USD 408 mn payable in
cash
c. USD 599 mn
by takeover of liabilities
of JSP w.r.t ICDs &
advances
Debt
Additionally
USD 898 mn
debt also moves out of
JSP consolidated balance
sheet
■
JSP to become pure-play India steel story where capacity expansion can be funded with the operating cash flows
■ In the revised structure international operations complement the domestic business with critical coal supplies and hence part of the strategic focus. This has
achieved fruition from commitment to actuality in less than a year
■ WCL and JMML to provide 50% of the coking coal requirements for JSP's operations thus making it appropriately hedged private steel player in coking coal
supplies in India
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