Jindal Steel & Power (NSEI:JINDALSTEL) (JSPL) is scouting for a strategic partner to offload part of its stake in its subsidiary in Oman, marking a significant shift from its earlier plan for an IPO as the Covid-19 pandemic impacts industries. In an interview with Rakhi Mazumdar, JSPL Chairman Naveen Jindal said the company plans to stick to its debt reduction initiative by reducing overall debt to INR 250 billion in two years, and that it is “always open to good opportunities for divesting".