Jindal Steel & Power Misses Interest Payments for Third Time

  • Steelmaker working on selling non-core assets to cut debt
  • Company worst performer on S&P BSE Metal Index this year

Jindal Steel & Power Ltd., India’s second-most indebted mill, said that it missed payment on interest due last month on some bonds, the third lapse since September.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.