JPL divestment is a game changer: After running an exhaustive sale process that lasted for 4 months, where the company approached 33 potential buyers, JSPL recently proposed divestment of JPL to Worldone Private Ltd for an all cash equity value consideration of INR 3,015 Cr. Post JPL divestment, JSPL will transform into a pure play steel company with all its operations in India – one of the highest growth economies globally. The divestment will significantly help JSPL reduce emissions improving ESG score, strengthen its balance sheet via debt reduction, shift entire management focus on company's strong domestic steel business and improve return ratio's for our investors as we progress towards becoming a Net Debt free company.