Jindal Steel & Power Limited (NSEI:JINDALSTEL) will look for acquisition opportunities. Bimlendra Jha, Managing Director, said "Now we have also stated our growth ambition that we will be -- we'll try to be the largest steel producer at a single location in Odisha, et cetera. So we will constantly evaluate those investment opportunities, any acquisition opportunities.

And therefore, we want to keep our gunpowder dry. And we want to remain disciplined about the amount of debt that we would like to tolerate and that tolerance level has been defined as 1.5x".