JSW Group Chairman Sajjan Jindal believes that if the steel dumping from China is not curbed, it can affect the margins and future plans of the companies. In an exclusive interview with CNBC TV18, Sajjan Jindal discussed dumping from China, electric vehicles and listing of the cement division. According to him, the company's target is to bring the IPO of JSW Cement by January 2025.

What did Sachin Jindal say 

on steel dumping from China? Sachin Jindal said that the government is keeping an eye on the whole matter. According to him, the steel industry wants that steel from China should not come through countries where duty is zero. He said that if China dumps steel in the Indian market through any route, the margins of the companies will be very low, due to which the companies will not have any surplus money for capacity expansion and reinvestment. In such a situation, any important project to increase capacity will either be shifted or delayed, due to which the country will have to rely on imports. While talking about KSK Mahanadi, he said that the Committee of Creditors will take a decision on JSW Energy's bid. If everything goes well, the deal will be completed in 3-4 months. If the action continues and then the process does not go as per the estimate, then it may take some more time. On the matter of delay in Bhushan Power merger, he said that he does not expect much delay in it. According to him, a decision can come soon through SC on this. Regarding NMDC and RINL Steel, he said that he is keen on the consolidation of India's steel industry. If the government decides to disinvest, he will show interest in it. Regarding electric vehicles, he said that India needs new energy vehicles. According to him, a lot of money of the country goes into fuel purchase, so EV is the best option for the country. He said that India will produce 60 to 70 lakh cars by 2030 and out of this, up to 10 lakh cars will be under JSW. According to him, the company is focusing on its own research from technology transfer for EV technologies. However, the company clarified that they are hoping that the IPO of JSW Cement can come in early 2025.