SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jindal Steel raises $475 m for Oman expansion

25 Aug 2011 Evaluate

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

Jindal Steel Share Price

1269.50 45.65 (3.73%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×