India's Jindal Steel sees $1.2 bln capex for FY13

Wed Jan 18, 2012

MUMBAI Jan 18 (Reuters) - India's Jindal Steel & Power Ltd expects to spend 60 billion rupees ($1.2 billion) on capital expenditure in the fiscal year starting April 2012, a senior official said.

"We have tied up all the debt. But our internal accruals are very good, so we will not use all the debt," Sushil Maroo, chief financial officer, told reporters on a conference call. ($1= 50.4 rupees)