Jindal Steel & Power Ltd (JSPL), which owns Jindal Shadeed Iron and Steel plant in Oman’s Sohar district, has raised $475 million in India through the takeout financing route to fund its expansion programme in the Gulf country. JSPL, one of India’s largest steel makers, raised the loan at 225 basis points over the Libor (London inter-bank offered rate) for a tenor of five years, with ten banks participating in the transaction. Major part of this loan will be used to finance the expansion programme in Oman, though some money is likely to go for technology and technical purchases outside Oman.crackcrack
| Company Name | CMP |
|---|---|
| Jindal Steel | 1269.50 |
| Lloyds Metals&Energy | 1622.70 |
| Jai Balaji Inds | 72.59 |
| Steel Exchange India | 8.96 |
| Rajputana Stainless | 125.90 |
| View more.. | |
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