Jindal Steel Rules Out Production Cut, Bets on Demand Revival

Jindal Steel & Power Ltd., making the largest investment in Bolivia, expects metal demand in India to revive in the next few months as the government increases spending on roads, bridges and ports. The company plans to maintain steel production and will use its own cash to fund projects, Managing Director Naveen Jindal said in a television interview in New Delhi today. The company has no plans to sell shares and may seek to raise some funds through debt, he said.