JINDAL STEEL and POWER LTD. - Clarifies on News Item

With reference to the news item appearing in a leading financial daily titled "Naveen Jindal to Exit Oil and Gas, Sell Stakes to Cut Debt", Jindal Steel and Power Ltd has Clarified to BSE as under:<br/><br/>1. Oil and gas is not a part of the consolidated results of the JSPL listed entity.<br/><br/>2. JSPL will as usual explore all possible options including monetizing / exiting non-core assets to cut debts.