Why has Jindal Steel and Power been cutting its debt levels so rapidly?

Jindal Steel and Power (JSPL), part of the Jindal group, announced prepayment of $357 million of debt by its Mauritius based 100% subsidiary. This will clear the total debt on the books of JSPL Mauritius which were guaranteed by JSPL India. JSPL already cut its global debt from $1,800 million to $130 million and has reduced its overall debt from peak of Rs.46,500 crore to Rs.10,981 crore. JSPL plans to become zero net debt by FY23.