JPL to benefit from 350MW PPAs; Maintain Buy Jindal Steel & Power's (JSP) 2QFY18 consolidated EBITDA increased 62% YoY to INR13.7b (est. of INR12.4b). Oman steel plants' performance was very strong, as EBITDA increased 73% QoQ to INR3.6b, driven by full capacity utilization and higher spreads. Standalone business' performance was boosted by strong pellet sales, whereas steel volumes disappointed. Interest cost has inched up on restructuring of loans. Jindal Power's PLF was low due to seasonal factors and shortage of coal....